The one consideration is the risk.  2 free and clear properties is pretty nice and I'm sure the provide cash flow.I would suggest running the numbers and have a plan A B C.Good luck

Is there any clear cut rules to characterize it as A/B/C ???

I found a condo in a B+ area that has reasonable HOA fees and rules (they allow tenants/renting and pets) and the numbers work.I would like to hear from others who have invested in condos for buy and hold, and how that has worked out for you, bad or good.Thank you.Shoshana Shulman

So you need Plan A, B, C, D, et cetera.You try to think of odd things that could happen outside of your risk reduction strategies.

It's a B house in an A neighborhood.  

In my area $120.00 p/sq/ft  in (A) location or $100.00 or less in c/d location,if needing minor rehab to live in or rent and $145.00 for a completely remodled home that will go to only retail buyer. in A/B location.If a house is listed for the amount, relative to the condition, it will sell within about 60 days.

Or house hack in A/B+ area for portion of what you'd pay in rent.

This is for a flip in a B area of the Chicago market.

I won't waste folks time to visit and bid until I have pretty solid plans A, B & C.

When banks appraise development deals there are always plan A B C or values for each..