These areas require a literal block by block analysis.

I have no idea what GRM and cap rates should be in this area.Is this just analysis paralysis?!?

Are you saying you performed some analysis on several sales in the area and determined that a high percentage of the owners are experiencing negative cash flow on their units?

My question is the following:Can you guys check out a FLIP Calculator Analysis I put together (below) and let me know your thoughts?

Simple analysis based on having property fully rented (no house hack):Purchase price:  $175KMortgage payment:  $1,400Income:  $2,500Expenses: $1,250 (50% rule)NOI = $1,250Cash Flow = $1,250 - $1,400 = - $150Obviously while you are living there you will be a lot further in the whole.Here are your options as I see it:1.  

However, paralysis by analysis set in, [Insert other inexcusable reason here] haha, so anyhow, here I am. 

If you are able to network and get some deal analysis under your belt, you could go for PML (private money lender).

The last few years I have been stuck in the paralysis analysis stage with real estate, I honestly feel like real estate is my passion and is what I want to do with my life.  

Not wanting to understand IRR is telling me that your motivations may lack the discipline and drive to understand such a critical Analysis.

I think that multiple rental units are a good thing but do not get into your feelings and just make sure you do in the beginning is to use your math analysis and doing what is regular is the best way to learn.