More details needed to offer advice: Monthly Mortgage Payment, outlook for speed of getting it rented, type of neighborhood (A,B,C,D)., what Cash Flow do you anticipate, etc.

Make sure that in the area they're not going to expand rent control  Look up AB1506 in California a lot of tenant and tenants union groups are trying to expand rent control to single family houses, condos and post 1990s built properties https://www.economist.com/blogs/economist-explains...Expansion ab 1506 https://sf.curbed.com/2018/1/9/16871314/rent-contr...http://www.tenantstogether.orgthis is a group that is heavily funded by political movements trying to expand housing authorities that will lock rents in different areas. 

I'm curious to know what sort of class (A, B, or C) do real estate investors are investing in?

The water works in AB but doesn’t work in CD.

The property is in a B class neigborhood and looks to be mainly cosmetics that makes the property look less than what its worth.I would love some tips on how to further pursue obtaining information on this property thank you.

It is a duplex in a b+ neighborhood and the seller was asking 80k for it.

If your not interested in moving to a B or C neighborhood don't! 

I found this distressed house in an A- / B+ neighborhood.Whats the next step to taking action to purchase this?

That price point seems more like a B-class property which may not give you as high cash flow as a C-class but it may require less oversight.If I were in the position you are in, the first thing I would do would be to reach out to other investors in the area who are doing buy and hold investments and I would take them out to lunch and ask them which local banks work with investors the best.

Or do you deliver the A-B PSA to the title company at the close after you find an end buyer?