Many Multi-family properties now in debt service trouble as the GPs took out very risky 2-3 yr floating rate or adjustable loans so they could cash flow after buying very expensive 3Cap apartments, which loans have gone from 1.5% to 5% or higher, and knowing that obvious and predictable risk since every primate could see mega-inflation coming in early 2021 due to more money printed in 2 yrs than first 200 yrs of country, They "smartly" took out Rate Cap insurance, (cost 50k for a 12 month policy on 10mil loan to cap variable insurance rise about 1-1.5% above the origination level) but now that US 10yr up 10x from 0.31 in 3/2020 to 4.2%, that same insurance policy is 1.5-2.0 million not 50K, so They can't cover the much higher debt service nor buy new cap insurance without shutting down distributions or capital calls.

Know what a good one looks like, do your research, make smart choices, and supervise.4.

Hey Drew, leveraging an FHA loan is a smart move for young investors like you looking to house hack.

I'm gonna tag @Elise Bickel Tauber in this post as she's definitely the right person for you to get in touch with in terms of investing in the Pittsburgh market - smart move by the way. 

When you invest smart and you are not paying out to everyone, you can grow cash quickly.On the other side of the coin, there is a place for hard money. 

I understand that it might be smart to have a good balance of cash in the SIDRA in preparation of something like this, but that cash sits un invested. 

They will move on and look for the next person who isn't smart enough to figure out what they are up to.It's highly likely that if there was a claim on your own policy it may not be covered if it was being sublet for a separate commercial purpose (AirBnB, etc)... so I would be really careful about making sure you are covered insurance-wise.Proceed at your own risk, and all the best!

Buy low, renovate smart, and sell high!

It's going to be hard to find someone experienced, but finding a hungry/smart person willing to learn and is coachable is not that hard for $6-$8 dollars/hour.

And told tales of people “just like you” who are less educated, have less money, and are less smart that made big bucks.