Some of the damages include ~$7,800 of missing property, kitchen cabinet doors ripped off, a mangled chandelier, a damaged refrigerator, divots from a claw hammer in the granite, and urine and feces stains on rugs, furniture, and hardwoods from an unauthorized puppy.

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

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

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

We are in the process of screening a tenant which of course includes verifying rental history.

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

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.

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

You may have it priced too high, bad pictures, etc.I recommend you include some of your key qualification criteria in the advertisement.

Common concerns in pre-1940s buildings include outdated plumbing, old electrical systems, and structural issues that could be costly to bring up to modern standards.