You can hire a company that is not local to the area to manage the bookings, guest interactions, reviews, etc and then have boots on the ground people in Pittsburgh to deploy when issues arise and to maintain and turn it.

SOOOO you dont have to deploy it immediately and get the absolute, every last penny, out of the property that you can so that you can put it into another one.

If you believe you can realize greater than 7% return on your capital, then you should make a full sale of the asset today, eat the $100+k capital gains + depreciation recapture obligation, and deploy the $550k remaining capital.

The MD of the largest owner of SFR in the nation had a few things to say about the nearly $3.0b investment they deployed in the past couple of years.

Looking for more ways to deploy capitol.

Areas close to the universities ie University City, can be a great play if thats the type of tenant you are looking for, but there are areas close to the University that are still on the come up.More or less a long way to say that you have to really understand what your goals are and how much time/money you are looking to deploy.

May not be the best market for me yet considering my current experience level & cash on hand (about 70k but feel comfortable deploying no more than 55k.) 

Then, he calls someone locally (plumber, HVAC) and deploys them to the service call. 

Are there any strategies that can be deployed to still get the tax benefits?

Deciding whether to deploy capital there vs Indy.