It all depends on your risk tolerance and what your bank will allow.

The right answer usually comes down to whether the asset aligns with your risk tolerance, time bandwidth, and financial goals — not whether you can survive a tough season.

Everything depends on your risk tolerance compared with your risk exposure.  

To make that more concrete, I built what I think of as a balanced lens — not optimized for max cash flow or pure appreciation, but something that tolerates tradeoffs and avoids extremes.The core idea was to compare cities relative to one another, rather than arguing whether a single metric is “good” or “bad” in absolute terms.The dimensions I ended up looking at included things like:Home prices relative to national normsRent affordability (rent vs. income)Employment diversityLiquidity indicators (days on market, inventory)Structural friction (e.g., landlord-friendly vs. tenant-friendly states)Everything is scored relative to the set of cities being compared, then stack-ranked.

The risk tolerance piece is what really drives the decision.

Tenants can tolerate a repair taking a few days.

The answer depends on your capital and risk tolerance, but I'll give you the honest take: BRRR on a small multifamily is slower to cash flow but locks in long-term wealth.

Depending on your price point, and general buy box, you shouldn’t have a problem finding solid deals here.Most people find small multi (2-4 units) in B-C type areas to be the sweet spot around here in terms of cash flow and risk tolerance.

Was it capital structure, team, partners, systems, risk tolerance, or just finally committing and burning the bridge behind you?

All depends what your risk tolerance looks like.