I have a BS degree in construction management from BYU.

Matthew, you may come to find that many people on BP tend to steer clear of properties in D/F class neighborhoods and invest in A/B/C class neighborhoods mostly because of the hassle that tends to follow in these “less than desirable” markets.

It's a B/ B+ neighborhood.

Look for the sweet spot--a best of breed property in a B/B- location with great livable space (not a converted SFH with tiny rooms), with an asking price GRM that is much lower than A area GRM sales comps (based upon your range) you may have something. 

I have a 2-bedroom in a B-/C+ neighborhood that is currently rented out.

Keith Calgary, AB Originally posted by David F.

An agent asked me if you can do a dry closing (use end buyers funds to close the A-B tranaction).

But 1br in class A/B+ areas are great you get single professionals and professional couples who pay on time no issues and often pay rents very close to the price of 2brs.

The way I classify areas are:- A - you get more Appreciation but no or negative cashflow- B - you get Both appreciation and cashflow- C - you get Cashflow but no appreciation- D - you get a lot of cashflow but with a lot of tenant Drama and property Depreciation- F - Forget it (war zone)As a beginner, only invest in A, B and C areas.

Maybe I wasn't clear but I'm assuming an A-B B-C type of transaction, where Jason is "B", the initial buyer, transactional borrower, and also the seller.Perhaps Jason can clarify his question if one of us misunderstood.