At whatever point in the cycle ground up development is the most risky and therefore always offers some of the best returns, but that being said, at this particular point in the cycle I would encourage you to spend a lot of time assessing the risks and downsides on this potential development opportunity.I would tell this to everyone, but in your particular case you seem to be starting off and lack the experience that is definitely needed to take on a development project at the top of the market. 

Active termite (which I believe was taken care of already, just need to see a documentation.)2. 

Active termite (which I believe was taken care of already, just need to see a documentation.)2.

That may fly in other states but my triplex, assessed value 180k has to be insured for $350-425k depending upon insurer.

They keep their certs active and work till they drop.

I have been a member of BiggerPockets for over a year but have finally decided I need to be active on the forums.

Does anyone know how property tax assessments and appeals work in Pittsburgh?

Can't wait to be active on the forum, and have some good chats with you all! 

Tax assessed value is $90k but market value $125k(premium shape).

I am not interested in traditional bank financing since it does not line up with how I plan to expand or how I've met with my limited success so far.Quadplex is assessed at $275,000 and I collect $3,200 a month in rent.