Quote from @Elliot Juarez: The city is expensive, but the are smaller markets that make good sense.

In most markets that's closer to "A" room paint with trip charges.

If this is your first step into real estate, I would suggest finding a home that needs minimal work and is in a good rental market.

Pittsburgh is a great market to get started investing in.

There was a time when to be competitive in this market your best option would have been to pay cash, but with current market conditions I do not think that is necessary. 

Make yourself familiar with different markets - I personally recommend taking a look at Midwest markets like Columbus OH because of great macroeconomics and cheaper price points.

Where I lived in Western Ohio the housing market has been in Recession or Recovery for 30 years with no end in sight.

What town or market are you nearby?

I'm absolutely thrilled with this cash-on-cash rate of return (approximately 24%).My main takeaway is this: while the BRRRR strategy can work in certain situations and markets, it's not nearly as easy as many so-called gurus suggest.

Approximately 300K value based on current market conditions.My interests were acquired in 3 steps:(1) Initial quit claim of 1/3rd interest (single owner to 3 joint tenants with rights of survivorship on title).