I have only purchased properties in the green areas before but I know several are buying in the Clark Fulton area (lower right hot area) and seem to have success.  

@jonathan greene 

@Jonathan Greene Very interested in this as well, what PA markets have you and fellow investors found success in and are actively purchasing in?

I went ahead with the contract, because I didn't want to lose the property but it was before an inspection so I really have my fingers crossed on this one hoping that there aren't too many major issues and I can find a quick cash buyer

If crossed I will find a way to stop the bleeding- but not at the cost of my ethics, morals, values or crossing the law.

@Tom Gimer Account Closed  guys I think this is a title company claim.IF the bank got title insurance on the cross collateral..

Unless you work with a solid lender that will help you cross qualify any potential buyer.

Often I recommend going to the class before going to see a lender so you don’t appear so green and unprepared upon your initial introduction.

Dick Green of this forum provided an excellent explanation of what he felt the Inverse Purchase was, but I want to expand on his thoughts by correcting his post....For instance the property is selling for $100,000 which is worth $150,000.(1) Buyer "A" is yourself (the investor) who agrees to/contracts with seller at a purchase price of $100,000.

A similar topic came up in a recent thread.The consensus seems to be that registering rents (with the city) is only required for buildings with more than 4 units, and registering with the state (NJ DCA "green card") is required for 3-unit buildings and larger.