Quote from @Tamera McNeil: @Mike PaolucciI have considered out-of-state markets, including Tennessee, Texas, and Arizona.

These updates include modernizing the interiors and improving the overall appeal of the building to attract tenants.

The costs sound a little low to me if you are talking turn key including permits, site work, utilities, plans, surveys etc.

And make sure that whatever offer he is giving you, his commission is included in the sale price.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

More than happy, to turn this into a positive relationship with you.I’m here to help everyone—including you—achieve more success with motivated seller lead generation, wholesaling ethically, running a business, and any other areas where I can share my expertise.So, I propose we put this bickering aside and focus on providing real value.

Investing in any city,  including Pittsburgh requires one to really know the area, the type of investment you want to buy and especially if remote having a knowledgeable and trustworthy team.

3) Fair Market Rent: S8 was originally designed for affordable housing, so included ALL utilities.

Understood there are other factors to account for including loan pay down, tax benefits, lower rent etc.

Common concerns in pre-1940s buildings include outdated plumbing, old electrical systems, and structural issues that could be costly to bring up to modern standards.