I thinks what I’d prefer to do is use the BRRR method and have rental properties.

I like Stessa for asset management and not property management.

With that being said, I also want to make sure the market conditions are right and the math makes sense so that it is a wise investment, not just based on our preferences of where we want to live. 

It’s structured as a syndication, 60/40 LP/GP split with a 7% preferred return.

while I totally understand the frustration especially purchasing what was supposed to be a new and ready to go asset, but these things are pretty common so don't feel to discouraged. 

Have you considered investing remotely or do you prefer to be hands-on?

Small upgrades or re-leasing to market rents could boost your cash flow and provide additional funds for your San Diego purchase.If you'd like, I can connect you with a lender or help you explore potential properties in your preferred areas to see what’s realistic within your budget.

Most owners are local and therefore “hot” money or out of area players are not yet chasing Pittsburgh assets, keeping prices favorable.References United States Census Bureauhttp://www.cmu.edu/news/stories/archives/2017/august/economic-impact-report.htmlMarcus & Millichap 2017 Multifamily Investment Forecast2017 Commercial Real Estate Trends Report by Integra Realty Resourceshttp://www.pittsburghmagazine.com/Pittsburgh-Magazine/September-2017/Staying-CMU-All-Eyes-on-Carnegie-Mellons-Future/http://www.nextpittsburgh.com/features/pittsburgh-developments-watch-2017/

Even if it is slightly less cash flow, you now have a second appreciating asset.

For wholesalers: How are you adapting to buyer preferences or creating irresistible deals despite tighter margins?