Compared to a single family house, if the tenant moves out of the sfh, you loose all of your income plus you have to spend the money to get the house ready for the next tenant.

I can't really think of any hard knocks lessons, but it is a learning curve compared to long term rentals.

An education is nothing compared to real-world experience, prepare to pay the 8-10% for now.

Some practice area is considered to be commodity work so you can't charge much (e.g. evictions) compared to more specialized areas (e.g. securities law). 

A few months prior I had bought my first investment property, another 4-plex, and I used most of my money on that deal, so I used the TSP residential loan for the down payment on this deal. 

If it is what the seller is paying, it’s an indication of what you might be able to get, but I would not assume it’s what you’ll end up paying.A few things to check when doing due diligence on the insurance.....Cutting back the insurance coverage prior to the sale is a strategy to give assets a higher return.The seller may be able to insure the building for what they paid for it 10 years ago, say $100,000, and now you need to insure $200,000 to satisfy the bank loan.  

They have sold a number of the parcels after pulling the permits but prior to starting construction.

The note was set up so that I have the option to refi and pay back the loan prior to the 2 year balloon, however the lender must receive at least 1 years worth of accrued interest.

Hey all, I am moving to Pittsburgh from Philly, and having seen the comparably lower barrier to entry for purchasing, I am looking to start investing with a house hack in 2019.

That indicates that you are looking at a 1-4 unit property that you plan to owner occupy.So therefore things such as the expected rents and expected expenses will have zero to do with valuing the property. 1-4 unit properties are primarily values based on comparable sales.Now id this is a 5+ unit, then you are looking at the wrong type of financing entirely.Also, if you are using a low down payment, expecting cash flow isnt really something someone should expect.