I'll ask you this: Are you a savvy investor who keeps their eye on the ball?

Success in this area requires a keen eye for undervalued properties and a solid understanding of renovation costs and ARV (After Repair Value).Tax Liens: With limited capital, investing in tax liens can be a way to start small.

They won't do free work and then pay you after each phase.2) Make the best effort to walk through a property yourself WITH a keen eye.

I can see though flipping in the expensive markets.. its alive and well just numbers that would make most folks eyes water in the rest of the country.

To clear things up for you: Rental real estate activities are default passive in the eyes of the IRS.

But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.

You don't find much at that price in the area so that immediately caught my eye.

The book heavily investigates the 18 year cycle and it's actually really compelling and eye opening.

My in-laws would be our go to folks to have eyes on the rehab process and walk rehabs on a regular basis.

Wonder who can give some advice about which neighborhood close to downtown Pittsburgh is the best to invest in.We wants to buy our first rental property (eyeing for residential/ multifamily).