I also wrote a block that relates to this topic.

Yes, they are different asset types, and work differently with different benefits, and drawbacks.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This tax base benefit goes away at your father’s death.

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

We also run numbers to avoid lost money on blindly paying for an appraisal to find out its a dead deal or of no benefit.

Covering this with my salary is relatively comfortable.  

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

What does that word actually mean to you in relation to your investing goals? 

To see how much a 1031 exchange will benefit you in a sale you must first calculate the performance of your current property.