You have to be in a C location for a BRRRR in Columbus and these are the only areas where you can do that. 

@Mark WalkerCap rates vary by asset class (A, B, C, D), condition, and vintage of the asset and the market, to name a few things. 

I used to take QuickPay but the issue is that they can partial rent and extend their stay without rent b/c I couldn't process the eviction b/c of partial rent..

@C, if you promise to buy me and my family dinner at Pappadeaux's next time I'm in DFW. 

Buy something in class B neighborhood or emerging class C neighborhood with higher cash upfront low leverage to ensure you have enough cashflow in worst case scenario and see how it performs.

Do you and your partner have the same idea about what a B class area or a C class area looks like?

Typically, class A/core/core plus assets will have a lower return than class B or C assets, but this isn't always the case.I would also recommend you become familiar with the different asset classes.

Do not focus on cash flow first in Philly or you will end up in a C-/D+.You HAVE to work with an agent who has been in Philly for a long time to have success and who owns properties there.

Is this a Schedule C vs E discussion?

I only invest in C+ or better areas.