Purchase price: $140,000 Cash invested: $24,000 Sale price: $220,000 I knew from the start that I was going to buy this property.

If your market is buying at that number then thats perfect but thats not the case here.

I had a chat with them on the phone as i was curious about the funding.. but came to the conclusion that the down payment ( the client made to buy) was probably what they paid for the property and the seller carry back note was the profit.. and then the seller carry back note is sold to yet another investor.. who is investing for coupon money.   

Yes Pittsburgh is a good choice for Investors who either live here or are remote as the buy-in is a lot more conducive than other more saturated markets.

Quote from @Kyle Carter: I want to buy an apartment building and rent it out to all section 8 tenants.

start with one piece of land for one single family or a smaller development. or get the buy box of larger developers. why would they need to partner with you when they can do it on their own or find someone more experienced?

Then save up as much as you can and buy a small 6-15 room motel or partner to buy something largerHotels are really expensive to get into as well.

His "team" has attempted to buy a couple of my properties in Cleveland, Ohio using a dead LLC. 

As someone new to NYC, I'd appreciate insights on:The current state of the UES market in this price rangeWhether buying makes financial sense for a 3-year timeline versus rentingThe pros and cons of co-ops versus condos in the neighborhoodI'm particularly interested in hearing from those with experience in the area, as I'm looking to make an informed decision.

As a broker, I "buy" a mortgage at a discount from a direct wholesale lender, then mark it up and "sell" it to my client to make a profit.