But that is my back pocket plan B.Trying to come up with some sort of bridge strategy to then domino the owner occupied refi route first.Plan C is being the opportunity to potential investors, which I have a lot of interested people but ideally want to do this solo.

Your listing isn’t everywhere your tenants actually lookYou're on most majors, but in my experience managing volume in Memphis and other C-class/B-class areas, the platforms that drive the most applications are:Facebook Marketplace (but you must repost every 2–3 days)Zillow (make sure photos are bright + cover photo is strong)Apartments.comRentRedi or Avail (for syndication)Local Facebook rental groups (huge for blue-collar tenants)If you’re not posting in the local Facebook groups, you’re missing half the traffic.3.

If you apply Class A assumptions to a Class C or D property - disaster!

Even though everything’s new and should be low-maintenance for a while, someone will eventually clog a drain, break something, or have an A/C issue.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Quote from @Al Watts: @Roger Hobbes "Almost all Black homeownership in 1960 was concentrated in lower-graded (C/D) neighborhoods.

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area.

Two lanes are working best for us right now: hybrid BRRRRs in solid C-plus/B-minus areas and small commercial buy-and-hold via 1031s.

The a/c unit went out in one of my  studio units and the replacement is on back order. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.