Locals know that and you can see that in DOM. 

great alternative to small time investors with limited capital.. doing 20 though would be quite a bit of work.. selling coaching has basically zero liability when you start to manage investor capital your liablity goes up a ton in the unlikely event of a water landing..

If you have $210,000, you can easily make 10% as a bridge/hard money lender in your local area.

Most owners are local and therefore “hot” money or out of area players are not yet chasing Pittsburgh assets, keeping prices favorable.References United States Census Bureauhttp://www.cmu.edu/news/stories/archives/2017/august/economic-impact-report.htmlMarcus & Millichap 2017 Multifamily Investment Forecast2017 Commercial Real Estate Trends Report by Integra Realty Resourceshttp://www.pittsburghmagazine.com/Pittsburgh-Magazine/September-2017/Staying-CMU-All-Eyes-on-Carnegie-Mellons-Future/http://www.nextpittsburgh.com/features/pittsburgh-developments-watch-2017/

Ensure the sublease is explicitly permitted in a written agreement with your friend and aligns with local STR laws.

We invested into the property and came well ahead of the local market.

Just focus on learning the local market, financing, and property management.

I live in Phoenix area.I am new in real estate investing and looking to connect with my local investors. 

You're likely better off attending your local REI meet-up to see if you can find an investor who has house-hacked or is currently house-hacking their primary home.

I always research the local market, compare properties, estimate expenses, and build a reserve fund.