I would stay away from the single family, C class there is a rough market.

@Matt Devincenzo @Elizabeth C.

@Richard C. and @George P. that's so boring!

@Richard C.

The locals may be prone to tearing your building apart too and thus your expenses may be much higher than you think in C or D-type neighborhoods.Be careful with using the rule of thumb as the end-all-be-all that it is hyped up to be on the forums.

Best part is you CAN put in C/A and get rid of any high priced window units. 

Sole proprietors (one person owns all of the business) use Schedule C, Profit or Loss from Business.

Next, you have to argue that you've earned the right to keep that amount of money, where as a "rent" is already non-refundable.What crowd you will get: On super great deals, you get a million calls, a million low "C & D" type tenants, and is that ever worth it for that much work when the property is just fine.

If I do owner occupy, it doesn't change my investment numbers, as I would just consider myself paying the market rent.Triplex (C neighborhood, off a main street) - List price $315,000Current tenants are on month-to-month leases but have been there for 1+ years.REVENUEUnit 1 Rent - $1175 - section 8 pays $1000 - month-to-month lease since Apr 2010Unit 2 Rent - $1200 - section 8 pays $660 - month-to-month lease since Jun 2012Unit 3 Rent - $1100 - month-to-month lease since Oct 2012All 3 units are exactly the same & all include a parking space, so I'm not sure why different rents are being paid.

Hey @Blake C. - a few thoughts. 1.)