The situation: I am graduating this December from UA Little Rock with a BS in construction management.

(This is being done in A/B areas too, sometimes for condo conversions).2) Would need more information on the exact location and size. 

But if I had a non-biased choice, I don't think I would, which causes the concern of the type of tenants I'd attract.On the other side, there is a duplex that is in a B neighborhood, but the cashflow is at about $200, assuming I raise the rents to market.

I hear all the time about A-B-C-D properties.

I don't know why they just don't warn you...I haven't tried AB testing on Zillow rentals... now via zillow rentmanager, still findable via postlets.com 

Did you do any A/B testing with your campaign?  

I found this post helpful for rough estimates of neighborhood grades in Columbus: https://www.biggerpockets.com/forums/577/topics/312730-a-b-c-d-areas-in-columbus-oh Based on the numbers you outlined, I've got to guess you're dealing with a C or lower neighborhood, and possibly not a desirable area for students.A lot of multi-families in Columbus seems to fit the "1% Rule" fairly well with their list prices, which would put estimated monthly rent on each of the 14 units at $350 - pretty low for Columbus.  

It also leaves us with a small section of Independence and Raytown.At $52k times 4 units, I can get someone into a fourplex in Platte County that is a B+ prop. with $2675 in rents.

Properties are given letter grades (A, B, C, and D) based on age, neighborhood, price and return.

Sadly enough the rebuild will stimulate the AB economy but the loses are still overwhelming.