It's good for the old balance sheet.Here's an example of one:2608 Blueberry Drive Augusta, GA 30906Acquisition ~$15,300 (got it super cheap as an REO because it was infested with fleas and difficult to show)Repairs ~ $20kish including roof, HVAC, water heater, refinish hardwoods, drywall/paint, new kitchen, and some misc.Rented Section 8 for $700/month (about to increase to 745 :)

.- Seller wants top dollar, and the end game is to sell, but the only buyer(s) willing to pay that top dollar are renters- Buyer wants to save up some more $$, increase their credit score, or a whole slew of other reasons.In my area, SFR in Class A areas are in super high demand.  

@Carol Venolia  our rental properties are the least of our problems .the lake co fire is devastating, over 700 homes burned to the ground one person diedAnd folks have lost their pets, horses are running around not knowing where to go and to horse owners this is like losing children.My brother lives in the affected area he is also a heavy equipment operator on Sat he got called to the butte fire  he has worked virtually non stop on fires this summer.

In my opinion an A location can be in cities like New York and San Francisco, and in other markets too like Chattanooga TN, or Milwaukee, WI.I guess I can tack on the notion of super A locations.

I used super paint by sherwin williams to paint asbestos shingles , 1 coat looked good , but still went with 2 coats .  

Travis Cormack isn't bad, but he's super busy. 

So not builders grade cheap but not super expensive either. 

Hi Darren,Your thread is awesome and super helpful.

This is typically referred  to as a functional obsolescence /  super adequacy.

They were super excited to move in and pushed to be able to move in 10/28/tomorrow, instead of 11-1.