Shifting from MFH to SFH

[Jacob Elbaum]

Hello everyone at BP!

So I was just about to get a 4 unit C/D class property in a C class area on contract, and then suddenly thought to potentially back out of the deal. A lot of work is needed and the property is over 100 years old. Even if the work is done and the apartments fixed up a little bit to meet the local standards, there's likely very little chance to raise market rents due to the strange structuring of the building. 

The budget I've given myself to spend has enabled me to look and analyze properties like this one that are also C/D class properties and in C class areas. Other than that, I've been pretty limited on the area because of budget. 

My first thought that comes to mind, is that it would be better to follow the BRRRR strategy and shift over to SFH where my budget can go further and I'd be able to shift to C class properties in B class areas, which provides more value add opportunities.

Does anyone have any advice in making this shift over? 

What are the major differences you'd recommend to be aware of when shifting strategies from MFH to SFH?

Thank you BP Crowd! :)