I have looked into the Pittsburgh market and have been there before, but just once for a short trip.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

Quote from @Jake Gasperi: I’m new to wholesaling and looking to learn more about the Des Moines, Iowa market.

Hi, I was wondering if there's any good reliable places to market tenant in place + management in place properties. 

I'm an experienced builder and developer looking to network with other developers, investors, and syndicators. 

The area is rich in history and culture, and with ongoing investment and development in the neighborhood.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

@Frankie Paterno In most places you will likely find that your $1.2MM will go much further with existing built as opposed to developing.

Beyond that, real estate is largely local; in my market we are not seeing anywhere near those numbers.

If you get greedy and put #3 in front of #1 or #2 you can get burned like any other market.