Collecting rent:  Class C tenants, however most are technologically savvy. 

Also, these are B-C properties. 

I target C class markets and look for cash flow.

They said they are only accepting Schedule C for self employed because the Schedule E does not meet the SBA traditional guidline for an approved business. 

That would mean 1500 sq ft house, $30k for a kitchen and bathroom full gut then just new paint, floors, doors, trim, fixtures, etc.If you have to tear off and re-sheetrock a whole house, $30k probably won't cut it.Anything major like A/C, Roof, electrical, plumbing etc will add on top of that $20 per sq ft

It also protects you from the tenant that runs four window A/C units 24/7 while leaving doors open.2.

C.

If you've got SFRs, however, then you might consider (at least for future leases) billing back to tenants (assuming your properties are in areas that are C grade or better).

Grade of property prior to reno was decent (approx C+/B-).

Easier to find "deals" on also.Class C properties are typcially all cashflow with almost no appreciation, the last few years have been an exceptoin though.You'll also have better chance of finding a deal if you're willing to fix up an ugly property.