Pay too much and you'll end up in NEGATIVE cashflow territory.

However, homes are appreciating, population is increasing and there is a large US military presence that may be somewhat of a buffer in times of economic downturns.

We’ve never sold anything before so this is unfamiliar territory.

(See Graphic 2)(Graphic 2)Overall those numbers are alarming and since there are fewer buyers in the market and a lot more sellers the market might plummet into new lower low territory.

Maybe they're newer in this town and want to build a presence and utilize great technology to help save money compared to older PM's more established in their ways. 

@Robert Ortiz it comes with the territory when you start investing in bigger deals or you max out your residential loans. 

A daily rental manager needs to provide some sort of reservation service (preferably it includes an online presence), physically inspect and clean the property each day as your renters check in and out, and provide a linen exchange and laundry service for the sheets, towels, etc.  

The fact that it has rained only for 3 days and also the presence of the drainage and dehumidifier make me think that with serious snow (as it happens here) this house might have a problem of water in the basement, also considering that the position is lower than the street.Given the results of the inspection the owner said he would offer an additional $5500 credit for the roof, but he doesn't want to add more money saying that the water in the basement is caused by the gutters not working properly and dripping water close to the house.

Squirrel Hill and Shadyside are further away (short drive), less of a student presence, however you won't likely find anything there in your price range unless it's the shell of a house that needs EVERYTHING, they are some of the most expensive neighborhoods in Pittsburgh.

@Sam Shueh Amazon is encroaching on Walgreens/CVS territory, the just recently bought the PillPack pharmacy.