Possible Fire Damage in Fresno, CA

[Scott Bliatout]

My partner and I are looking at a listing that just came up. Location is not in the best part of town but comparables seem to be promising. Unfortunately comparables were given by the listing agent and I do not have any access to an RA for other information to cross reference on quick notice.  After speaking to a friend who is a GC, seems that even if purchased at the asking price and after rehab cost, we could still look to profit from this project. 

This will be our first flip or possible BRRRR. What else should we consider besides cost of acquiring the home and rehab, selling price, and rental comparables? Location seems to be what deters me most with concerns of selling but I do not want to judge solely based on a location that I would not see myself living in. 

Question is, what are investor's experiences selling or utilizing the BRRRR strategy on homes in older or more run down parts of town? Are banks susceptible to lending or are they more stringent on these types of properties?

Thanks!