And if it's a high amount, would you be better off just using that as a downpayment and get a standard new investment loan?

Saw some new building going on around Lawerenceville with high asking prices..close to L.A prices it seems.https://www.redfin.com/PA/Pittsburgh/4618-Carlton-...

Other advice, especially that pertaining to tax benefits, is also highly appreciated!

It was the tail end of high season and while I knew I could get a higher ADR on my own (I own the unit next door and know the market very well), I would have had to make some changes before listing it myself to do better and in this case, time was money.2.  

From what I've seen, the days of the $1,000 and $2,500 deductibles for fire, lightening, water damage (not flood), etc. are becoming harder and harder to find. 

The risk to my business is much too high just so the agent can make a little more money on the transaction. 

RTR advertises high returns as part of their marketing strategy, but the reality is that many of their properties do not perform as well as advertised.

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

BAM Capital is excellent in identifying opportunities with a high "yield on cost" which reflect their experience to operate Class-A properties at much lower costs. 

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high.