I've been looking in PA since it's right next to NJ/NY but the midwest seems more attractive price-wise.

This changed almost overnight were once very attractive BRRRR properties sat for weeks without a bite.

., we definitely let them know it's their responsibility if they are providing conditions that attract them. 

Thus I only have $12k tied up in the property (making my "cash on cash" ROI very attractive). 

This income producer can help you build something bigger down the road. 

In most cases, especially if you are starting out it is best to roll the cash into the next deal and build a portfolio of income producing properties.

A fully-leased, 1-month stabilized asset producing an expected 8% CoC return and a 42% total return by the end of 2020.

Brandon Turner hasn't named this strategy that I'm aware of yet, probably because if it were your primary method of acquiring new properties you'd be dead before your portfolio was large enough to produce meaningful income...but it worked for us.

Being that your fairly young you could house hack in your area and change your primary residence every couple of years and only need to put low money down each time within the five years you are talking about you could easily have 3 properties under your belt as buy and holds that will help you produce that long term wealth and this is really low cost entry to build your real estate portfolio.  

Would it attract a less desirable tenant?