I am AdamI'm an investor and looking to start investing in Pittsburgh,So I am coming for an investment round and field study, next week to Pittsburgh, between 13.12 - 20.12.I would to meet up for coffee to get to know the investors in the area and make contacts that will hopefully last for a very long time:)Thank you in advance, Adam

Know a lot of experienced investors also have rules of thumb they have developed (like $250/door for cap ex per year) or other round figures to help quickly underwrite.

If it would support being a living area (dry all year round, decent height ceilings) maybe make it into a TV room or a 2nd living room with some faux stone, apartment carpet and 2nd hand mirrors from over old dressers.

As others have mentioned, an eviction will set you back far more than round trip drives twice a month, AND I bet a judge would laugh you out of court.Post-dated checks is one possibility, as has been mentioned.

so $4000/month 3 months in the summer and low demand winter or would it be steady all year round.

On this last round of repairs ($400), they replaced both the power flush bladder and toilet tank.

Of course you can do bare minimum, but in my experience it all just compounds with a slightly lower quality tenant next round, whom is a little rougher on unit, and then the next turn costs even more.As for Capex, yes, increasing your costs does hurt returns.  

It looks like their assessed value went up by 48% after the latest round of reassessments, so they will probably be looking at a tax bill closer to 3k in the future.On the point about FHA loans, that PMI is going to stick with you for the lifetime of the loan unless you refi to a conventional down the line. 

The two pool homes I purchased were the same price or cheaper than homes without pools, and that’s in Vegas with year round pool use. 

I'll use one property with round numbers as an example.