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?

Quote from @Michael Kopa: Hello, I am still fairly new to Real Estate Investing having only 1 single family home that I rent through a Property Manager in Ohio.

Correspondingly, the current returns are well under the original proforma, although the G2 team maintains confidence that they can still achieve the targeted 2.5x return within 3–5 years.

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?

Quote from @Evan Polaski: @Garret Rumbea, to be fair the money I am likely losing also underwrote conservatively, at the time. 

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?

This is important because many newer investors try t make their rentals like they would live in them instead of, "Maintaining to the Neighborhood".- So, a Class C rental, should be maintained to Class C standards, not Class A.--- You can go up ONE Class (maintain Class B to Class A standards), but not more than that.

In short, to achieve and maintain financial freedom.

That’s why you need to maintain that higher coverage limit.I don't think this is what OP was getting at.

Look at HUD Fair Market Rent for your area/zip code.