Many experienced investors in my area (Western WA) are moving back into building so threads like this are interesting to me.I've been looking pretty hard at it, but haven't pulled the trigger yet because I'm not sure the return over time frame and effort supports building over rehabbing.

The lowest returns in the western world seem to come with the highest fees, and the biggest advertising budget.

It makes me appreciate Western Mass as a great place to invest, where there are a ton of multi family units.

I was thinking some of the western markets could be a good choice such as Sacramento, Portland, and Seattle but am afraid that I might be behind the ball already and inventory low.  

As far as your numbers go, I'll tell you what I typically use as a safe starting position for Western New York, small multifamily investing on the bottom half of the economic scale (probably in an area not too dissimilar from the larger area you're shopping in Pittsburgh.) 

I own 16 units on the western side of the state.

North American Savings Bank and First Western Federal Savings are two banks that offer such loans in all 50 states, and would certainly lend to a DB plan.The purpose of the IRA-owned LLC is to provide the account holder with checkbook control. 

In Western NY I can easily put 3 layers on.

I'm looking to purchase my first home to run as a househack and I am seeing a lot of properties in the western North Carolina area that have buried oil tanks.

Hi Donald,I'm a mid-westerner living in Australia.