As someone who invests heavily in Philadelphia, I can also say the price point you are targeting is going to lead you towards neighborhoods where the BBRRR strategy doesn't often lead to realized gains that correlate to the appraised values.

I would be very cautious of a house that sits vacant being a target for burglary even in nicer parts of town, not sure the draw for str in that area.

Right now only targeting single family.

PMCs are a big target for lawsuits, even from their owner clients!

Also looking to hear from anybody who has thoughts on the rental market in close proximity to major universities - I recognize the challenge of college students and the sometimes problematic care and need for repairs (that is why I am hoping to target the graduate/PhD/Med student population who might be less-centered on partying and more centered on academics and being responsible...pipe dream?

One could say, people are targeting Cleveland because mostly every other major metro in the US is too expensive to invest in. 

I would say if you are trying to turn around a property, or keep it in a certain class (A or B) targeting cops or firefighters or teachers could be a good strategy.   

What price point would you be targeting for this purchase?

The reality though is that those "deals" aren't targeted to you. 

Many of our investor buyers have targeted Oregon due to location and overall value.