Just have to make sure the rent can cover the mortgage (this is where you assess rents in the area or ask your agent for rent comps).

I specialize in BTR duplexes in Indianapolis, and I’ve found that local connections are invaluable when assessing markets, especially for long-term strategies.Learn from Real Deals: As you move forward, it’s helpful to analyze real deals, even if you’re not ready to buy yet.

You will have a better chance if it is on the fringe of the commercial zone.Next, look at the town's comprehensive plan.

I would mention both the monthly and yearly revenue to help the investor assess ROI. 

If it does, I am assuming it would be much less comprehensive than QB?

Jay's comment at the start of this thread is the most succinct and accurate assessment of D class properties you can make: 80-90% of investors will fail.I bought, self-managed, and leased out dozens of D-class doors in Hartford, CT for 4 years after the peak of the last real estate crash (2008ish) while working a full time job.

Rent To Retirement vets investment locations, builders, property managers, lenders, insurance providers, etc. to bring together a comprehensive team in each location to provide the investor with all the key personnel they need to have a successful investment experience in one place.

I have personally never owned a condo that DIDN'T have a special assessment - which happens when there is a repair needed but not enough money to pay for it. 

But for sure have an agent that is local do a drive by snap some pictures and give you a price assessment to see where your at. 

I have seen people do this a variety of ways and you should assess it more on a case-by-case basis.