I have 2 options:1) Purchase the property cash (hopefully for a lower price) - lets say $35k and then fund the rehab ($40K) cash - so my all in is $75k + closing fees.

We have that first thing you posted, except that it was a professionally installed unit that was manufactured and it looks nicer than just open duct work as the area it is used in is a finished bedroom in the basement.

About 5 business days in i looked at mls and they lowered listing price to 129.9.

I own my house and a Townhouse (bought it for family to live in. I

That said, I would love to be able to get the tenant out so that way I can completely rehab the place, bring rents up and get someone in both sides that I approve of (I don't think they would pass my screening process).The situation I'm in is this...Owner of the house passed away (I believe) and left it to her daughter that lives in California. 

Pittsburgh does seem like a great area to invest in.  I

For those of you who might be slightly interested in knowing the outcome of this, I joined a recently-established Listing Leaders group ("Team Cowboy") based out of Hammond, IN.  I

Well I hoping to get some advice on which state would be best to have it in. I

I one had a real estate license (20 some years ago), but all they wanted me to do was open the white pages and make phone calls...needless to say in my mid 20's (before the internet) that wasn't enough action...since the only other real estate experience was owning my own house....I have reading a lot, listening to the podcast, and attending some of the webinars and am soaking it all in....I would like to build for our retirement, just figuring out how i want to do it!!

Primary residence exemption - the portion of the property that you live in is eligible for the primary residence tax exemption after you reside there for two of the last five years.