If you do something that is too high end or bold compared to what is available in the neighborhood, the exit could be very difficult 

It's a multifamily property in a good neighborhood with three units and a total of four bedrooms and three bathrooms.

I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes. 

A sellers market in general.

Similar neighborhoods/suburbs to Clay/cicero would be in the east side of Syracuse, like DeWitt, Fayetteville, and Manlius.

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

They are often located in desirable neighborhoods and are close to good schools.

-why not pick a market closer to home? 

Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.

I think you have a good plan, BRRRR is still a great route in the current market, and especially for the states you are already in - both Indiana and Georgia are very well positioned for BRRRR deals in my view / experience