Figure out what you save on cap gain taxes on $200K. 

In particular, OO does not have vacancy or PM and typically has cheaper maintenance/cap ex than the landlord would experience.https://www.realtor.com/news/trends/its-now-officially-cheap...if you use realistic expenses, purchase at retail (off MLS) without a value add, you will have negative cash flow on virtually any purchase.  

Average cap rates across the country have halved in the past 25 years.

I can run the numbers for NOI-depreciation and this holds true, but not all of the operating expenses are deductible (or at least maintenance, vacancy and cap ex aren’t until that money is spent).

Look at doing a cash out refi or just sell it for some higher cap rate properties.

Additionally, maintenance/cap ex expenses are high due to age.

Hi Brittane,Most rental programs will cap at 80% LTV, but with hard money usually it can go up to 90% of purchase price.

@Jeremy TaggartYou seem knowledgeable about Pittsburgh…I have a buddy who has a couple hundred doors there (single family and small multis) he deployed all his cap a while ago and has done well there.

While cap rates have risen, you are still seeing groups buying in the low to mid 5%s for 70's-90's product.  

The property is classified as a B/C type of property, with the intention to implement a value-add strategy and it's going at a 6.5% cap rate.