A listing appeared on the MLS today in a neighborhood I watch that has potential but it's listed as "Coming soon".

Two, even if the city would allow it, the entire neighborhood would hate you, including the university, the local residents, the students & the large property owners.

So my two cents... in my opinion the POS was supposed to help the neighborhood and values, however when you require repairs AND money put into escrow, frequently the only people with the cash to do the repairs AND put the same amount in escrow are investors, so we drive the price down.

We tend to be about $300 under that, which still gives us a very strong rent in a low end neighborhood. 

I would like to build a portfolio of BRRRR properties (SFH or duplexes) in solid B class neighborhoods with good schools and low risk for longterm buy and holds with the possibility of modest future growth (home value & rents). 

I've looked at it and it's in a good neighborhood.

Keep driving your neighborhood, locate properties you like, and, if you have the opportunity, simply ask one of the tenants, "Who do you call when there's a problem". 

2) I have generally seen that low income neighborhoods and cheaper homes <50k give the best ROI (around 2% rent to value).

Congrats.Would you say is this a C class Richmond, CA neighborhood?

They love it and the neighborhood.