There are a lot of opportunities out there, but there are some major differences.

I agree with @Anthony Dooley make sure you triple check the ARV and the rehab estimate.I get deals sent to me by about 20 wholesalers and majority of them are just guessing on the rehab.They'll do anything to make the deal sound sweeter to the investor so do your due diligence!

Businesses have Customer Relations departments because they have a bigger vision of business than you do, not because the contracts they have with their clients are not enforceable. 

The tiny structure built into a hillside in North San Diego or the tiny structure on stilts above a major freeway (163) may not get redeemed. 

Go to the larger firms commercial department and see what deals they are doing.

After a decade in the business, I took a major hit and lost almost $250k on one single family home flip.

Since it is a duplex, and the area might have better vacancy than this, but for budgeting, I like to  use 7-8% vacancy for underwriting.5% Capex - it mentions "Newer", but I would really dig in and see what major systems will need to be replaced in the next 10 years, and back it out from there.

@Michael Ohman   If you're going to BRRRRR you can still do it with a VA Loan.....But utilize the one that's called a US Department of Veterans Affairs Loan.....It's more designed for BRRRRRs 

That is the major problem in developing a relationship with tenants.........They never have the same expectations as the landlord.

Is the “1% rule” possible in Tacoma for MFH, without doing a major rehab?