Which leads me to the biggest mistake out of state investors make. They are very subjective so what may be one person’s B-Class neighborhood can be another person’s C-Class neighborhood. Although good schools are important to some investors, the reality is that most of the time, schools are not a big criteria for renters. I often hear investors say that they want a C-Class property with great schools without understanding that C-Class neighborhoods don’t have great schools, otherwise they wouldn’t be C-Class neighborhoods. C-Class neighborhoods will be primarily rentals.