I am currently rehabbing a brick house in a blue collar, low income (but definitely not warzone) neighborhood, and today I found out that there is hardwood underneath the plywood.

hello everyone this is Jon Mccarthy's in over here at Starbucks located downtown Cheyenne I will be here until 12 o'clock on the Sunday afternoon if anybody is looking to drop by Centark just doing little networking I'm the one in the blue sweatshirt Fulton the new book Getting things done by David Allen.

If you do it right, their name will appear in blue. 

It is a blue collar city overall, which actually allows manual labor to be an in demand skill people pay for.

I don't remember where so I can't give credit where credit is due.ABCD1.Most would consider A class properties to be higher end rentals in nice suburbs.B class to be suburbs with mostly white collar or similar type of people.C class properties are blue collar workers or similar.D class properties would be in low income areas and ghetto's.Opinions will vary but this is how I class properties.2.Class A properties are newer and have the highest quality tenants.

While I have some "units" that rent for $15-20k (commercial), and some 'hip area' $1000/month studios, the bulk of my holdings is blue collar hard working Hispanic submarkets with a lot of $600/month type stuff.I'll need another 500 units likely.  

Those rates of returns are usually 15-20% or possibly more.Also, I could argue that a first position loan on a single-family rehab flip in a hot market can be extremely risky and likely more risky than passive equity in a blue collar apartment complex.I personally invest in both selectively but I don't think it's fair to say one is patently a better investment than the other.

The last person I want receiving a service call is someone in a cubicle 500 miles away or across the ocean. 

I would assume that most of you are familiar with Jeff Foxworthy & The Blue Collar Comedy Tour.

I plan on doing just this, since I really dislike blue and green on houses.