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?

Make sure you understand the concept of Neighborhood/Property/Tenant Class and research it for the areas you target to invest in.

Newbie investors should stay away from Class C neighborhoods/properties and focus on Class B. 

There will be a stabilization period in the first year or two where you feel like all you do is spend money on this stupid house.Other than that, buy the property you want to own the most 10 years from now, not the one that looks good on a spreadsheet in year 1.

Hi Lee, If I were in your shoes as a beginner, here’s where I’d start:Free Resources First: Podcasts like BiggerPockets and YouTube channels (Max Maxwell, Jerry Norton) give you a solid understanding of wholesaling basics for free.Structured Courses: Look into beginner-friendly online wholesaling courses — some are offered by local REI groups or mentors.

The #1 determinant is the Tenant Pool.If you don't believe us, try putting several Class D tenants in Class A apartment buildings and watch what happens.

That’ll make your first deal way smoother.So yeah — reach out to lenders for info, not preapproval.

Congrats on getting the first rental under your belt. 

@Ethan Kohler That's great - sounds like you've got a great first property! 

The overruns weren't caused by the Land Bank or thir requirements, they were due to inevitable surprises when you do major renovations.Rcommend NOT focusing on Land Bank properties, instead look at everything on the market and buy the best BRRR property you can find.One last thing, many of the Land Bank properties are in Class D Neighborhoods:( VERY difficult to make these work as rentals or flip.If you'd like to chat more, DM us and check out the Interactive Map of Metro Detroit with color-coded Classes on our website - to make better decisions:)