If you’re talking in city limits you might have a permit problem because they are ridiculously annoying to work with for even regular construction, outside of city limits though, especially outside of allegheny county I assume you’d have an easier go at it. 

I then bought a SFH with that money and rehabbed and furnished it and my first tenants were fairly good friends who ended up trashing it and instead of cleaning up and having a second go at it I quit.

Since you have three properties, if you can afford to have ~$5k handy in case all three go at once that would be nice. 

In short Mel has no shortage of options with a property like this, but it is better to work with some form of representation than to go at it alone (depending on experience which he never mentioned).

Congrats, I love to hear stories of people that started with hardly anything making a go at real estate!

Go at different times of the day and different days of the week. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $134,000

Contributors:
Jess Haas

Rental type: Off-Grid STR
Condition @ Purchase: Good
Strategy: STR the...

Go at your own pace.Remember-- fast solutions have slow problems! 

We are very, very new to this, but thought we would make a go at it.  

Now if you build from the ground up or do a value add lease up with vacancy you can get a higher cap rate.The ones that are already stable in great area the owners will  not let go at a really high cap they will just keep the cash flow then eliminate their equity gain from buying 4 years ago.