Currently looking into the MHU boot camp in  Pittsburgh in July and I'm about to pull the trigger.

The first property is always the hardest to pull the trigger on!

Summer is in full swing now and in my location it is very hot and dry.

I feel like it may fall in a sweet spot for something that could be a great initial investment, but I don't have enough background or experience in real estate to know whether or not this deal is worth pulling the trigger on.Let me know what you think about this deal, and whether or not it's something that a newbie investor should jump into as a first property.

They don't want to guarantee it typically but that can help keep it dry a little longer.

These are all questions that will help you get your first deal, as sadly most folks never pull the trigger...Best of luck!

However, if big value add deals dry up when we're stabilized and there's not another asset to put our money into, it may be better to refinance, pull our money out, and hold onto it for cash flow.

That doesn't trigger any tax implication other than establish your cost basis.  

I've yet to do a deal but plan to pull the trigger by the spring 2020.

I updated the electrical, plumbing, hvac, new floors, interior and exterior painting, new appliances, and some dry wall repairs.