Marcus & Millichap’s report also mentions the importance of universities to Pittsburgh’s rental market, “The considerable number of universities in Pittsburgh will provide a diverse hiring pool for the area’s growing tech sector in 2017 and beyond.

@Earl White rent control and relocation costs equals NOT landlord friendly in my opinion.

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

Below is something we have in the works:-Looking at a property that is 3beds 1 bath-ARV once complete is at 250K-Repair costs = $40K-Working on acquiring it for $125K maxThanks for the input!

Cost to build an ADU are high, however, so it may not pencil out in the short-term.

If you are planning on living there (ie in 1 unit) then you are house-hacking and this is a different calculation consideration then renting out both units and making it a true investment.

So, in your considerations, I would park right there for a bit and determine how this would look for you.Since you have about 2.5 years to think about it before you would need to spring into action to take advantage of the rollover for tax advantages, maybe you try on a rental and see how it fits. 

I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs.