While I don't think there's going to be a crash, I do think we'll see a reversion to mean in which a lot of the aggressive investors on the bleeding edge of the risk frontier get smashed.  

Connect with a quality broker in your area that can shop the various companies for you and find you the best deal without compromising coverage.

Do you have any opinion on the location of the powder room? 

Our market is extremely competitive for rentals and homes for sale  so I will be putting an ad on Marketplace, seeking an investor to purchase a property and lease to them, as they can pay up to 2500 for a 4 bedroom, and more for higher number of rooms. win/win. 

Looking at some properties around there and it seems to be the norm to have a cesspool in a few towns (WW, Coventry, NK/SK)Any immediate watchouts or gotchyas / red flags?

He does a lot of BRRRR, flip, and hold between Pittsburgh and West Virginia and will surely know the Pittsburgh markets you are considering.

They always have the option of asking you to stop contacting them.

Can you please advise me on how to purchase an out of state home where the owner has a reverse mortgage on it? 

If your place is uninhabitable, tenants can end the lease or withhold rent until it’s livable, but I like to keep things friendly by offering a temporary rent reduction or helping them find a short-term solution.

Which investing strategies are you thinking of pursuing?