Agree with everyone here, hiring a property manager will be a wise choice, especially for your first out-of-state investment. 

It’s great to hear that you’re ready to dive into investing, and Pittsburgh is a fantastic choice with its diverse neighborhoods and growing market potential.

I took a leap of faith, invested in a run-down apartment complex, and with hard work and strategic planning, I transformed it into a profitable venture.

@Shayna HatcherNot all felonies are violent and it’s completely possible somebody made choices decades ago in their youth and doing great now hey atleast she didn’t hide that . also it’s completely there was a fire resulting in them being relocated .

Hey Rahul, Columbus is a standout choice! 

Ive never had a guest before or since successfully book without payment fully clearing their financial method of choice. 

According to AirDna, Fennville, MI, Grand Rapids, MI, and Wisconsin Dells seem like good choices.

That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck! 

I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.

In 2024, 2-4 family properties in Nassau have been sold nearly two weeks faster than they were selling last year.Further indicating a hot market, median sale prices have increased by 11%, which is more than any of NYC’s boroughs.The top area choices for 2-4 unit multifamily investors have been:Valley Stream & Port Washington: 14 deals, respectivelyLong Beach: 11 dealsLynbrook: 9 dealsSuffolk CountyLike the Bronx, Suffolk, too, saw a 43% increase in 2-4 family inventory.