Class C I bought because I was looking at gentrification patterns near downtown and hoping those areas would go up in value over time and tenant base would become higher income - rolled the dice and not doing well so far, from talking to other investors. 

Little bit of a learning curve because you can customize reports and analysis based on your own equations but once its setup, its very effective and works great.James Storey, CCIM 

Based off comparisons in the neighborhood, the house should be worth anywhere between $175,000 and $215,000.

Lastly don't base the "party situation" off the old PM.

Thinking $150-300k properties based on what I've seen so far. 

@Karthik Jayaraman Based on your math, it looks like you're losing $915 each month, which can be a significant amount for many.

The question is, how do people find these connections if it’s an area outside of their original home base?

A DSCR loan (Debt Service Coverage Ratio) type loan would look at the rental income and expenses and determine the amount it could lend based on that.

Based in Maryland and lend on the East Coast.  

We are based in NY, but we do have clients throughout the country.