So when I read threads on here where people are talking about finding good hard money lenders, they always talk about interviewing the lender themselves, just as the lender wants to interview them to see if they are a good fit. 

So when I read threads on here where people are talking about finding good hard money lenders, they always talk about interviewing the lender themselves, just as the lender wants to interview them to see if they are a good fit.

I am very interested in the BRRRR strategy but it seems like refinancing in my area would ruin any deal because the new mortgage would ruin the cashflow in almost every neighborhood. 

It's right next door to my apartment complex and it's in horrible shape in a run down rural neighborhood.

I also keep hearing that it's important to get your feet wet and start, do you think it's worth investing in something that doesn't have as high a cash flow but is in an up and coming neighborhood?

However, having lived in an area similar to this previously, I felt confident that I could avoid most of the pitfalls of investing in a C class neighborhood as long as I stayed somewhat active in its management and check ins.

We are moving away from them as they aren't fitting in our model as well as we thought they would.

A couple will fit, but that's all.

If its in a good neighborhood it might increase its value on a long term basis. 

BAH get's more generous with rank, meaning that you can actually set your homes up to fit only certain ranked individuals.