We spent a lot of this summer in Johnson City- it seems like deals abound in the C & D neighborhoods!

C and D don't appreciate but they can cash flow.

In fact, since you are in a mild climate a d the properties are small, you might be an ideal candidate for mini split HVAC systems.  

@Hunter AlbertVery broad question.Are you looking for Class A, B C or D? 

Homes will have even more deferred maintenance and tenants will be even harder on them.11) Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

Quote from @John-Patrick D.

This topic is a common one buying class C properties  some people like dealing with section 8 more risk staying really busy.When dealing with more risk you should d be getting a higher cap rate.You can get good at dealing with this type I am sure dealing with more moving parts.

Hey @Bob D.!

Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.Please send us any feedback via email, as we do not use the DM feature here.

d.