We've got many clients that buy them as pure rentals also. - The FHA 203(k) loan is a great way to buy a MFR as it allows repairs to be included in the purchase mortgage.

I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?

Purely an unsecured promissory note.

So in that time I should have around $25-30k in pure profit saved up in rents.Once I have finished the rehab and stabilized the property I plan to either sell or refinance within the year.

Investors base their purchases on potential, but appraisers base their numbers purely on formulas and comps.

Be sure to not invest purely for that tax incentives.

But, then you get the joy of proving that the guest did that in a tampering way and not "accidentally".

@Pete Harper - Here is a forum that has discussed this topic years back: https://www.biggerpockets.com/forums/104/topics/1044333-pure...

This information is purely education to help me understand the income section of a property management profit and loss.

The area where my mom lives is inexpensive and seems like pure cash flow could be $300-400/ month or more."