We only had to turn the basement entertainment area into a kitchen/dining space, add a laundry closet with W/D, and finish the 2nd bedroom.

@Chris Seveney & @Eric Krikke: I agree that typically it's true that C (and even D) class assets will have higher expenses and weaker appreciation, but it's also typically true that they cashflow at a higher rate per invested dollar. 

if it's an A or B area, it's a lot more likely you can fix these problems...if it's C (or especially D) or lower, it's a lot less likely you can fix the problems (unless the neighborhood improves dramatically).One other consideration:Do you have prior experience managing OOS PMs and managing a property? 

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?

Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

If you don't have extensive experience with Class D/F property, this would be a hard pass for me.

Here are some top suggestions for cost-effective renovations that can make a big impact on your rental property:Fresh paint: A fresh coat of paint can completely transform the look and feel of a space, and it's a relatively low-cost renovation option.

@Maurice D. - if you want to email me any of your thoughts, I'd love to hear them! 

I know this is roughly a very top level view but I hope it is enough information to say yes this is normal and im analyzing right or not :D

:D