Things to consider about location: Close to public transportation.

Just like a big storm coming across your area, that is not the best time to book a flight, you are better off waiting to see if it passes and maybe take a train or alternative mode of transportation that is less risk and would get you where you want to go but maybe a little slower, but you know you get there.That is how I feel about traditional real estate right now.

@Kristen Beahm, the rent is at $750.  800 square feet, 1 BR that includes an enclosed bonus room that it normal for the 4-plexes in the area. 

Two families are built to a different standard to 3 and above which requires fire escapes, and cement enclosed furnace rooms, among other things.2.

Here are the most common: Transportation ServicesDaily CleaningConcierge ServicesProviding Food & Beverage (Bed & Breakfast style)Conducting tours and other outings & eventsSo, what can you provide without triggering self-employment taxes? 

and would appreciate any tips and pointers you have for buying in the area.I have my buy box below:Pittsburgh Buy Box:- [ ] Price between $100K - $200K- [ ] 2 Bed 1 Bath (+/- in bed category)- [ ] Easy transportation options to Downtown Pittsburgh- [ ] Access to things to do closely - restaurants, shopping- [ ] Troy Hill, Millville, & Central/Upper Lawrenceville- [ ] Cash flow of least $500+ monthly with CoC around 15%- [ ] Decent parking situation - feasible on-street parkingLet me know what you think!

(I rely on public transportation and company shuttle) I travel frequently.

Oil - The refineries, transportation of oil, and support services have not been great since the price of oil has come down so drastically.

With a fairly close proximity to Rittenhouse square in Point Breeze, and the proximity to universities and transportation in w. philly, they are great spots for BRRRR rentals. 

our city transportation department does studies of which areas have parking shortages and which don't (on-street) and overall inventory - might be good to see if you have anything of that sort you can look at.