Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

Run deal analyses on properties in your target area, even if you can’t purchase yet.

How to target suitable areas?

Target the areas you know and do the reach outs.

I’m targeting ~15–17 hrs/week (750–880 hrs/year).

If you are gonna drop $20k on something, drop it on a marketing firm to create the business plan and who you are going to target and then implement the plan that is specific to your business.

There’s no public data showing the IRS is targeting specific deductions.

If you share partner count, leverage target, and how you want control to work, I’m happy to sketch sample decision rights and buy-sell language that fits your deal.

How many units and what is your target acquisition price? 

The main challenge was figuring out what our target tenants actually wanted and could afford to rent.At first, I tried using traditional analysis methods to predict which properties would attract our ideal tenants.