I have seen A,B,C and D classifications.Finally the question,  are these ratings just opinion or is there a place to find the data to back up these neighborhood classifications.  

I equate the process of learning about real estate and trying to find a mentor like being the new kid in class. If

It can be refinished after that - most gouges should be removed at that point.You could ask an instructor at a school's wood working class if he wants to give the kids a extra project to do - this will save money but it would be nice if you donated something to them - like a few cheap hammers or a ton of carpenter pencils with your business logo on them.

But you can file an Entity Classification Election (IRS Form 8832) that allows it to be changed to tax however you want.

Find a town with a University, not just a college, that classification is important for some reason I find.

Love to see Tarek and Christina's tax returns-  Passive investing is where you are hands off, passive income is merely a classification to distinguish it from earned income or cap gains.

I would say talk to an insurance agent...they should at least have an idea...you can look up the flood zone classification for the parish, then get with an agent that can get you flood insurance.

The areas that I am looking at in Kansas City are mainly the suburbs, solid B class and A class if we can afford it and the numbers work.

Again I can only speak for our market and the areas we work in, so YMMV of course - depending on the market you like, the property class, if you choose to self-assemble a team and manage from afar or go the turnkey route - all those details change these figures to some degree, I'm just talking big concept round figures here.

Hey Al,I read your article earlier with great interest and I couldn't agree with you more...especially the distinction between investors and property owners (my classifications).