1st Project Completed, Now What? Looking at BRRRR

[John Nguyen]

So I just completed my first ever real estate project, which was a flip in Jacksonville. Reno ended up being much higher than expected so profits fell short but at least I didn't lose money and I learned a ton. I've heard/read horror stories from others who were not so fortunate on their first deal. 

My question is where to go now? I'm very interested in BRRRR and would consider myself a cautious investor. I am considering going into a C neighborhood with ARVs around $75k and going from there. Why? Because I would consider myself more conservative and feel that there would be less risk. But would it make more sense to instead go into a B neighborhood and end up investing more money but have ARVs close to around $165k?

I guess the real question is does it make more sense to have a larger portfolio in C-class neighborhoods or a smaller portfolio but working within B neighborhoods with higher ARVs?

Thanks in advance!