Bruce attributes this to the “street smarts” of our borrowers who seem to be able to buy out from under the hedge funds and the owner occupants who can’t pay cash.

When you use leverage to purchase an IRA asset, your IRA is subject to a tax called UBIT- Unrelated Business Income Tax - on the portion of the rent attributable to the leverage.  

What it really comes down to is understanding the demographics in Pittsburgh, having solid management in place, and utilizing the right investing strategy that fits the sub-market's attributes.

I am in the processes of closing my 3rd deal in 3 months and I attribute my willingness to actually get in and do something, as well as my success so far , largely to @Seth Williams and his BP podcast interview, responsiveness to posts and is REtipster site.Second, have you considered asking the seller for a general warranty deed to see if they'll do it. 

Some major attributes play a role are bedrooms, bathrooms, square footage and a garage.Mike

Men that have these attributes will do well in RE and also other areas.Home buying is emotional.

I forgot to attribute the article to the Heritage Foundation

So you can attribute a cap rate more accurately to an owner than a building:) I would trade @Brian Burke on an 8 cap:) I don't care the advertised rate, I know what Brian can deliver more than I know all the real expenses of a building or what occupancy will be in 4 years.

I think these drawbacks are just attributable to the individual wholesalers, not necessarily the site itself.

Be totally honest, highlight your positive attributes, study their areas of specialization so you only concentrate on lenders whose specific criteria you meet.Also, beware of the difference between DIRECT lenders, and brokers disguising themselves as direct lenders.