Ensure you account for all expenses to include vacancy rate, repairs, utilities, and property management.

That said you should account $100/month for random fixes, plus another $100-200 for CAPEX. 

While the class systems are arbitrary and can be biased based on the person classifying the areas, you are correct thatusually classes A/B make more on appreciation, but barely cash flow (especially with the current interest rates), and that in C classes, you can generate some cash flow. but appreciation rates may be slightly slower if your main focus would be to build equity with some nice monthly income from rent ($50-$100 cash flow after accounting for expenses) It would be in a C class neighborhood with higher crime rates in my market of the KC metro.

Lowell 5 is a great bank to work with.

Parking Requirements: Take into account the parking needs.

It would also be against public policy to not hold you accountable for your actions (like not fixing the broken steps, not fencing the pool, etc). 

@Jamie Banks - I agree!  

Thankyou Account Closed

If accounting/bookkeeping isn't your thing, consider hiring a bookkeeper to take that off your hands.

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