Multi-family BRRR Deal

[Akshay Bhaskaran]

Recently did a single-family BRRR that went smoothly, and wanting to get into multi-family. Recent BRRR was a 2015 built single-family home with just flooring, paint, and other cosmetic rehabs so it was very.

Now, we have been trying to do a BRRR in duplex to get into the MF investment, but somehow not able to land on one.

Been looking at investorlift.com, Zillow, FB groups, MLS etc. but none of them are convincing. I have built myself a BRRR calculator, and the numbers (in terms of cash-flow) are convincing. But, the location of the property (neighborhood), and the level of rehab is extremely high that I feel not so confident in proceeding. And, some are out-of-state too.

Should I prepared for a Duplex or any other multi-family deals to be:
1. in Class-B or Class-C neighborhoods only?
2. generally old built at around 1850-1980?
3. requiring heavy amount of rehab (siding, foundation, roof, HVAC, appliances)?

Would like to get all your expert thoughts on what's exactly stopping me from proceeding with a Duplex deal :)  Need to know how do I avoid the "would I live here?" mindset.