I'm also in this low income space, a B/C neighborhood where I feel comfortable during the day.  

Have a plan A,B and C and don't be Romantic about the game or the exit just keep the momentum forward .

I still haven't filed (I know I'm late filing) but I was waiting to see if it was going to have her off the ownership so I can be taxed as a schedule C. 1800accountant said I couldn't do that because she was in the business of the tax year 2016.

If you were interested in the Park St property in Dover....that is a C class neighborhood, you may find similar a little further north.   

550 rents will be a C- to D area.

@Bob C. are you willing to boot the tenants before closing for a buyer?

If you wish to avoid double taxation then a C-Corp is out of the question.If you have already filed as an LLC with the SOS then that is what you'll have to file as for the IRS.But there is hope. 

The market in STL is relatively good, but this does not translate 100% to class b and c space.

However a Class C building that's going to be re positioned will most likely offer an IRR in the double digit teens because of the upside that will be created. 

I ran the numbers and the CCR and Cap rate are both about 6-7%.I currently only own a duplex in a C neighborhood commercial loan with CCR 20 and Cap of 17, so safe is where i have lived thus far.