@Donna Starkey...I just like to pick on the bad wholesalers...in truth, yes I firmly believe that 99% of wholesalers add no value to the industry...but this is more of an industry-specific position...my clients and I typically focus on higher quality assets with a value add play....and wholesalers simply cannot produce.

As a business owner you are in the business of a business.... whether it's selling, manufacturing, producing, servicing, non-profiting, analysising... whatever sector you are in you are probably not in the business of owning real estate. 

A refinance in a situation like that is problematic because you're stuck with the terms as you mentioned and you don't get access to 100% of the equity.The 1031 exchange would let you reposition that equity into something or some things that would produce much better cash flow and not leave you negative.I've got some educational resources I can send to you to learn more. 

Problem is, my agent says in that area there are no flips that can produce and $40-$50k return on a SFR.

My budget is $75-90K and I am considering the following neighborhoods; McKees Rocks, Sharpsburg, and Oakland/East End.

Because I have a good W2 job, a solid cash position, and a desire to build long term while still working full time, I'm attracted to multifamily rentals - the goal is to build a portfolio over the next decade or two to produce passive income comparable to my full time job. 

Market dependednt....but I personally would never rent a place w/o a DW...Yes, they can sometimes be a pain....or cause water damage..... but the risk is tinyWhat next...no washer/dryer....just supply a bucket, a scrub board and a rock?

The property might be on a slab and you want to build a basement but there is bed rock underneath, is there a formula for that?

I have always been a top producer in automotive and I really contribute that to never meeting a customer but a friend and sticking to the philosophy of treating every customer and situation as if I were dealing with my own Mother.

if its just to get into title and you have another buyer then transactional funding is what your looking for we do this all the time.. for certain vendors.. but you need rock solid end buyer..