There's a commercial definition of Class A,B,C. 

Class C: These apartments are typically over 30 years old and are in fair to poor condition.

Here's my Indianapolis Class C deal in March 2023.

If you’re talking C properties probably cash flow.

.: I invest out of state in C-class neighborhoods in the Midwest.

Quote from @Owen Maiden: Hello, I am looking for C class neighborhoods to invest in.

Managing Class C & D properties is NOT for every PMC!

I also own properties in C/C+ neighborhoods, and although the cash flow is higher, those properties are more hands-on, and I typically experience higher turnover.

.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Your Schedule C at the top will typically list both of you since you are filing a joint return.