:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

And like @Erik Estrada mentioned, majority of HML's won't lend in second position.

This allows me to make a full decision knowing the nature of the repairs, cost of repairs and have the ability to back out of my offer if there is a red flag or major foundation problem that increases my repair costs dramatically higher than I anticipated.

I personally don’t buy leads and work on organic lead gen.

Pittsburgh is a great market but there can be major variations among and within neighborhoods. 

In fact I joined the company to help build a product that can help everyday investors organize rental finances like the pros do. 

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

Originally posted by @Dan Ashley:Thanks all for the great replies,To try to sum up what everybody has said so far:• Seems like the majority here recommend looking outside my general area since the prices are so high and I could get a better deal. 

I have a property in Delray Beach that  I am interested in renting out to sober living organizations.

You won’t be able to lower the price if you find anything just are able to walk away if something is majorly wrong.