So how's the market for LTRs?

[Mike Schoeffel]

Hey all, I'm looking to invest in the Pittsburgh market with a buy-and-hold cash flow strategy. I'm finding a lot of places that look like they'd cash flow quite well, but I've also noticed a TON of rentals on the market, which makes me worried about oversaturation and prolonged vacancies. 

Does anyone with experience in the Pittsburgh market have an first-hand insight into this? Thanks!

[Jim K.]

Pittsburgh has a shortage of C-class rentals and a lot of flipped rentals in C'class areas and B-class way-overpriced infill construction that most of the locals won't waste money on. Small, local operators tend to do well in this town once they get some experience under their belts. Long-distance investors, not so much.