Cheap houses in lower class neighborhoods will get you cash flow with a lot of headache.

Hey y'all, I have approached a point where I have built up more confidence in performing my first house flip in the Charlotte metro region.

I've 100% focused on Adaptive Reuse of Class B Industrial Space. 

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

Buildings are old and mostly C class and newer and in B class are substantially higher in price and not much cash flow but appreciate more. 

To answer the first big question in your post — single family vs multi-family — I am firmly in the multi-family camp.

You’ve gained valuable experience from your first duplex and are now approaching real estate with a strategic mindset

@Amanda Bradley Tenant sounds like typical Class C with a credit score under 620.How hard was it to find this tenant?

This was our first home, and learned it all along the way.

I am looking for some help and advice on whether or not this property seems like a smart first investment.