@Rush Howe In my opinion, Pittsburgh seems to be staying below national numbers, as historically it has been, therefore it should remain a hot target market for some time. 

They say that because people that are motivated will lower their price.

Sure, it ultimately comes down to sending out the mail, getting motivated sellers to call in and then close deals.

As long as the relocation meets the two requirements above.Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.

So hear is the deal I have a motivated seller 2 acres of raw land in a area that is growing.

If you have access to $30k homes, can afford the costs of renovation and the costs of the resale while remaining profitable you're only a "friends and family round" away from being in business.This is a sum of money that banks are just not going to write short term debt on without excellent credit and collateral.

. :)Hype will help you get motivated, but I wouldn't take it too seriously.

Would I be content with a property that value remains basically the same year after year or would I rather find property that will appreciate steadily throughout the years?

So I'm a newbie and have a question...if there is a motivated seller whose house is upside down and perhaps have stopped making mortgage payments what happens to the mortgage?

Under these circumstance a flat brokerage fee of $3,600 could be reasonable, justified and with a motivated seller, agreeable.