Good Investment Areas (Mt. Oliver, Pittsburgh, PA)

[Brian Foy]

Im currently working a full time job (50+ hrs a week). I'm 24 years old. I'm also looking to buy my first investment property. I am looking to buy a multi-family property that i can live in free but also rent out with with good cash flow. I know the cash flow will improve will once i move out but being that this will be my first property and I do not have a large savings for 20% down right now i would like to get a property for 3.5% down with a FHA loan. My Purchase Price budget is about 150k-. That being said, I am wondering if Mount Oliver in the Pittsburgh Area is a good place to invest. I have driven through a few times now and get mixed vibes. I know Mt. Washington, Pittsburgh, PA is a good place. Is mt Oliver too? If not, are any others close to the area good neighborhoods to invest in? Ideally I would like to be located somewhere around the city. Let me know your thoughts.

[Jeremy T.]

@Brian Foy the .gif above sums up my feelings about Mt. Oliver.  It's not horrible, it's not great.  Most of Mt. Washington falls under that umbrella, IMO.  Some parts you probably want to avoid as a beginner (Beltzhoover comes to mind), but you can certainly make it work in Mt. Oliver. 

Also, interesting to note that Mt. Oliver is it's own Borough surrounded on all sides by the City of Pittsburgh...that may or may not work to your advantage.