Yes, the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is still alive in Philadelphia, though some aspects have become more challenging in recent years due to shifts in market dynamics.If you’re considering BRRRR in Philadelphia, areas with recent or upcoming developments, like parts of West Philadelphia, Brewerytown, and sections of Northeast Philadelphia, can still present good opportunities, but base everything on section 8 rents to see if the DSCR and LTV makes sense

See post from jay hinrichs about using them and some of the challenges they may provide.

Challenges?

I belive the property will be a challenge to sell because, based on comps, its over priced. 

That's the case everywhere...and each region comes with its own set of challenges.

Your SOW, challenging projects, expensive stuff, can be tricky unless you have experience and an established team. 

However when my friends moved out and I started renting to strangers, I found the high turnover rate and overall living situation to be much more challenging.

You've created a ton of equity.It's challenging to roll over the money with a 1031 into a syndication.

There are some challenging areas, but also some great areas that we think will appreciate nicely over the next 10 years.

They have a mix of solid rental demand and still offer relatively affordable entry points.FWIW, those aren't areas I specifically invest in today but they will give you some anchors and are examples of strong neighborhoods.As for schools, it’s true they can be a challenge in a lot of Detroit.