I'm usually ALL about property management, but this property is in good condition, in a good area, and with a stable tenant that wants to stay.

Know one knows your financial condition or your investment ability better than you.I have never owned my residence.

- Do you have to do a little rehab on the houses to get them into rentable condition, or do you focus on those that are already in great shape?

See http://www.biggerpockets.com/files/user/REISkills/file/contract-for-option-to-purchaseRight of First Refusal (ROFR) and Right of First Negotiation are preemptive rights to purchase specific real property at some future time upon certain defined terms and conditions.

There is a lot of competition, I'm putting in multiple offers per week and so are about 15 guys I know personally, and I'm sure there are much more.

The "competitiveness" statement is made under a very specific set of investment and market conditions which favor the OP's point of reference.

I know this would vary based on a buyers list but i was curious to hear some opinions on where some of you thought a good starting point would be as far as price, condition of the home, and areas to target based on average household income.

I know this would vary based on a buyers list but i was curious to hear some opinions on where some of you thought a good starting point would be as far as price, condition of the home, and areas to target based on average household income.

Allegheny county, PA is quite popular for possession very spacious large houses for super dirty cheap pricing when in distressed conditions.

How do they determine the asking price of the property in this condition?