Renters don't seem to care in our B neighborhood and if we sell wayyyy down the road, I don't think I'll find it worth my time or money (perhaps it will be worth it and I'll re-evaluate then?!)

Seem like B class is the way to go during this time...C class: no job, can't afford rent and I can't evict so at least a few months of no rent coming out and mortgage still need to come out :( and  A class : no Cash Flow.  

@Tom Maricle We have 80 units all C/B- neighborhoods and my best guess is 75% pay April rent.

b. 

Also, Andrew B., that's great advice about putting money in escrow.

Here we go:Property Type: 2-3 unit multi-familyArea: B Neighborhood, walking distance to the "L" and less than a 1 hr driving distance from O'Hare.Financing: FHA 3.5%Monthly Payment Goal: In total, I'd like to keep the Total Monthly cost of the property to $2200 MAX.

Will Class A/B type tenants be more affected as the need for higher paying jobs requires higher level of training or lengthier hiring processes?

This is why I always push my first time clients to buy a class B 2-4 unit that just needs basic cosmetics.

Pick a solid B-Class suburban area.

Lender A: Rental property income cannot be counted no matter what.Lender B: Rental property income can only be counted with six months of PITI reserves.