Something that I’ve seen quite a few times now is the classification of of cities/neighborhoods such as A, B, C and so forth.

There is competition in ANY asset class. If

found at:https://ca.baltimorecity.gov/codes/Art%2032%20-%20Zoning.pdfOn page 431 of the pdf is a table listing the C-1 zoning classification and purposed uses with multifamily as a "P" (does that mean permitted? 

I feel that I need to take home appraisal class if I am planning to flip properties for living. 

There will be many different classifications. 

Soon, I started to find out that in order for me to be successful I needed to know the data and numbers that indicated and projected markets, prices, movement, cycles etc.Six months later and even to this day, I continue to learn the indicators, the data, the trends, the appreciation rates, the median price points, the median family income, the DOMs, the heat pockets, the neighborhoods classifications, the demographics and the many other pieces of information that will dictate where you need to invest and how.

You simply cannot expect a property to have real 'value' when it is being purchased so low.Second, neighborhood classification is incredibly difficult for passive investors.  

South of that is going to to be some B and heavy C class. If

On a home that was built in 1950s I had to put in a casement window or loose the bedroom classification when replacing windows.And that is not really a closet either.  

It's wildly incorrect and will set taxpayers up to make serious mistakes who rely on it.An LLC is like a chameleon in that it can be taxed as a Disregarded Entity (aka a Sole Proprietorship/Branch), a Partnership, an S Corp, or a C Corp depending on the ownership makeup and elections made.Only knowing that you have an LLC without knowing further details doesn't help because advice can't be dialed in.The default federal tax classification of a single-member LLC (SMLLC) owned by an individual is a Disregarded Entity (DRE).