PGH has some great neighborhoods, but it also has some very, very rough neighborhoods (and some areas that are OK, but which may become rougher over the next 5-10 years).At its root, your question is whether you, as a first-time investor, should buy an OOS property in a C or D area because the property cashflows well on paper.This is one of the most commonly discussed topics on the forums; here’s my response taken from a previous thread:Usually, "new investor" and "out of state" don't mix.

Good mix of experienced and new investors and a variety of strategies.West DFW REI Group- https://www.westdfwreigroup.com/ Check their online calendar for meeting times.

This project is a heavy lift due to the fact a zoning variance would need to be completed to change it from industrial to mix/use resi and the building would need to be registered/accepted on the historic list. 

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

I threw the last crowd out of my daughters home because it was a mess.I mix Fabuloso in with a chem cleaning agent we get in 5 gall pails from a local chem company as little else was working on tough stains, like red wine, dog & cat etc etc.

Perkins - I'm based in Atlanta and fund a lot of SPEC new construction projects here, from 1-4 to 30-35 door multifamily and mixed use. 

I’m aiming for a mix of appreciation & positive cash-flow after some value add work is done to the property over the course of first year of ownership.

That could be a classic example of mixing monies, thereby rendering the LLC pointless, or it could be setup as a property management company with paperwork showing that it is renting out the property on behalf of the owner.

Me too, make different sauces / spice mixes every few days.

Phase 1 - demo of a greenhouse sitting on part of the land - site utilities and 12-unit building turkey construction budget $2,043,100.00 -- $2,177,500.00The estimated rents would be approximately $1k per unit on average for mix 1 2 & 3 bedrooms- I feel like construction is so expensive and the market doesn’t support higher rents from what I’ve researchedShould I : 1) try to partner with the local government for affordable housing loans and grants?