@Christopher B.

Originally posted by @Andrew B.

UW didn't get more conservative, leverage didn't drop, asset class (A/B versus B/C) didn't change. 

There are 2 SFRs in there that are A-/B+, the rest, including all the MFs are C/B-.

I'm on a visitor visa (UK Citizen) but we are putting into process my PR application hopefully over the next few months and hopefully my work permit will be here by the end of the year.

@Daniel B., the IRS doesn't care how long you hold a property, they care about intent.

This is similar to the time that I realized why folks were buying class B type commercial  at 4% cap rates.  

Option A: A condo with condo fee of $230 priced between $245000 - $250000 (current comps 250000)Option B : A Condo with condo fee of $300 priced at $240000 (current comps 270000)Both are foreclosures.In the long term, the condo fee is only going to go up.

Originally posted by @Karl B.

That would be what we call 'D' class neighborhoods, and possibly some C- areas too.We grade neighborhoods from A+ thru D- and our clients stick mostly to B, B+, and A- areas because of the demographics and tenant class you find there.