I did save some money to have as back up.

Is it better than your alternative uses for your money?

Considerations.1.  

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Thank you for your time and consideration.

If you use a cash-out refi, you can deploy the money elsewhere to partially offset that interest if it will be sitting idle a while.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

Also I understand the funds aren't available for the improvements so that is another obstacle that has me leaning towards price reductions to move on as soon as possible.The exit of lower tier SFH's is something very few investors care to consider when making their investments but deserves far more consideration. 

If you have considerable equity in the property or multiple properties it's even more important.

Marcus & Millichap’s report also mentions the importance of universities to Pittsburgh’s rental market, “The considerable number of universities in Pittsburgh will provide a diverse hiring pool for the area’s growing tech sector in 2017 and beyond.