I meant to look at who voted for the OP and mistakenly voted and there is no way I know of to retract it.

The actual numbers are deal specific.Don, unless you have mistakenly switched debt and equity in this post, I am going to need mega clarification to understand your point of view, which I respect and appreciate.Thanks!

I would like to do a fix and flip to build up my capital and gain some experience, but my area (wilkinsburg/homewood) doesn't seem like a prime spot to do that in or am I mistaken?

Often people mistakenly think that making an offer using the seller’s agent will more likely get their offer accepted.

@Aaron Ford You are mistaken/confused about something. 

For those that bought under the mistaken assumption that the 'rent - mortgage payment = cash flow', then these properties may be cheaper to rent than buy.

Please correct me of my greenness here if I'm mistaken in my info...

@Jimmy Ho you are clearly mistaken regarding the appraiser vs real estate agent situation.   

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

Also, unless I am mistaken this is not a BRRR strategy because the end buyer will assume the deed in 1.5 years so I can t run it on my BRRR calculator.