Had a personal visit from the Mayor thanking us for the transformation.

Please feel free to view and comment on my analysis below. https://docs.google.com/spreadsheets/d/1qUfF8CfOwSE-8zIDo316xazK3joIVdzt4wk-Q1V6Ph0/edit?

Just because something is in a "B neighborhood" doesn't mean its not a "D" street.

In this case, obviously this was a more sophisticated scam but the fact remains... buying Class D properties sight unseen out of state is asking for trouble. 

Better know your area because Pittsburgh is like Erie .. you can be in a nice residential street with well kept owner occupied homes and then walk two streets down and Be in a d class ghetto .

@Christopher D.

Once you learn to "see" through walls and learn which ones are load bearing and which aren't, you can sometimes really transform living space without a lot of effort. 

@Richard D.

I was wondering if those of you who are more familiar with the area could recommend good areas/neighborhoods or disclose areas/neighborhoods that might be considered "D" or "F"?  

Thus, an eligible interest cannot be a debt instrument within the meaning of section 1275(a)(1) and §1.1275-1(d).