This is your seed, when you plant seed you expect a return, but if you eat the seed (blow your money), you have no seed to invest, (no return). 

Love Pittsburgh.

This is a FANTASTIC price for a 120-foot 3-foot ditch in Pittsburgh.

here in Pittsburgh for example, you can buy properties in OK neighborhoods for $50-60K that need $80-100K rehabs. 

As far as Roth Conversion, it's the question of do you want to pay taxes on the seed or the harvest. 

In Pittsburgh, wholesaling is legal, but PA has strict rules about how it's conducted.

And it needs 40k in work and the ARV is 55k.Project cost = 50k - 60kARV = 55kThere's no profit margin for a lender to feel comfortable even thinking about a loan.The problem with these micro price points is that almost no lender wants to even be bothered with them.I always tell people if you have 30k, then you can do a low price point deal in a market from Pittsburgh to Indy. 

Everything in Pittsburgh in an OK neighborhood for that cheap of a price likely needs an $80K+ rehab.

Pittsburgh's current population is 302,000 (US census estimates 2024) whereas in 1950 it was 676,000. 

That doesn't seem to make sense.I invest in Pittsburgh, but would not recommend that you buy a random property here.