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?

I’ve spent a good amount of time running numbers and analyzing rent-to-price ratios, but I’m finding the hardest part is actually narrowing down which towns to target.A few things I’m keeping in mind:I like being near water since values usually hold stronger long-term.At the same time, I want to avoid areas with high flood risk.I’m focused on steady, long-term rental demand rather than short-term or vacation rentals.For those of you already investing in the Carolinas:How do you evaluate towns when deciding where to buy?

Refurbished hard wood floors, door way trim and base board trim, updated appliances, furnished basement unit, new water main/water meters and a new concrete walk way.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance: Property Tenant Pool: closely linked to location, but not always.

Smaller and you limit your pool of applicants.  

First thing I look at when considering a property is quality of tenant pool and appreciation potential.

Keep in mind the maintenance and vacancy will depend on the tenant pool for where your property is located.

Water runoff matters.

You may want to consider buying fewer but better properties for better tenant pool, appreciation etc. best of luck to you.

Quote from @Daniel Zieno: Hello BP friends, I am forming a partnership with five other members and we are pooling capital, and plan to go into some buy and holds and grow a company.