Property ClassesIs your property a B class property?

This means taking a ugly house in a A-B neighborhood and transforming it into a show piece, very risky for a first timer.

A 2 /1 in a B plus neighborhood .

Those aren't in your name until you pay them off.The way you buy with SF is just as important as the numbers.Here a 1%+er small plex that's a  b property in a b area is my sweet spot.  

I think there is "traditional" A, B, C, D ratings and then there are what I call "millennial ratings" where schools are less important than where the breweries are popping up. 

I'm leery of investing in turnkey C properties....too thin margin of profit....with unforseen circumstances easy to just break even; I think I'd rather buy one A/B property that can be managed from afar by ME,,even if the property, for simplicity's sake, cash flows less, and has some appreciation.For example, let's say I can find an house in an A/B neighborhood for $200,000 (think............not CA, NY, and so on) that shows increasing population and jobs over the last few years and projected more of the same for the next five years..................So, I would be okay with buying it for 200,000, renting it out for 1,000-1,200, and seeing 10% appreciation every year for the next five years.Does anyone know where I could find something like that?

Hi all, I am finding very hard to get proper financing for residential deals with A lenders, 20% down and rates lower than 4%.it seems that since mid 2014 it is impossible to get lending from A lenders (big 5 banks) at preferred rates (+-3%) for investors that have more than 1.5 million in mortgages, even if the number of mortgages is only 2.This is what I found:RBC: they have a limit of 1.2 million for residential mortgages and low rates (<3%)BMO: they require 30% down instead of 20% for non owner occupied propertiesCIBC: unlimited mortgages with 20% down, but properties need to cash flow, which in Toronto is impossible upon purchase.Other banks don't even respond since I have I high dollar amount in mortgages   The Best solution I found until now was going with a B lender that will charge 4% to 5% in interest with 20% down.

Good luck trying to find that in a B area of Cleveland today. 

You have clearly never done flat roofing professionally and had to crawl backwards on your hands and knees as you roll edges, or pull sheets of rubber/abs to flatten them out.

The complex is a C, at best a B-, but has room for improvements and rent increases, but I did not tell them that.