I'd say identify your long term goal and then work backwards and see if holding this gets you there.

This will identify the retail price ranges, in which you can list the rehabbed property and the price ranges, of distressed homes, you should target.You can use the Realtor to help you find deals and also use Wholesalers.

This is pretty much why investors on BP (or anywhere else) begin on the wrong track, they don't really understand the market concept and deal as if they were dealing with personal property, especially wholesalers.I will also say that after understanding the basics of real estate and identifying your market, much of this will be a flash through your mind when you go look at some property.

Hello,I'm looking for a reputable and experience real estate contact in the Pittsburgh area to assist with identifying a foreclosure or investment properties.  

I identified a rental property that I'm interested in and my realtor called, made an appointment and we were told that the tenants need 48 hours.

Gut rehabs seem to be a no brainer but I can't seem to develop a model to identify, contract, and execute a project.I'm currently sitting with a stalled project due to a relationship gone wrong with a GC.

You should connect with a couple of good realtors, look at FSBO's, you can do mailers, drive neighborhoods etc... it is not easy work but if you put some time in it you will see more properties and get the knack for identifying a deal. 

with the homes I have already identified. 

It sounds like you have identified some of the potential issues.

@Kevin McQueen,Once you identify the title deed in the county records, you may need a probate attorney depending whether your grandma left a will, whether the house was put into trust, ...Stuff you gotta research.As long as you don't post a street address, someone's e-mail address or other personal info you should be fine.