I guess the key question is will you be using this property as a 'home base' throughout your nomadic travels and how long would you like to keep this property as a home base? 

They're minimally leveraged, if at all so they may actually make a couple of bucks a year, but they're buying on speculation. 

Your depreciation will actually start in the month and year it became "occupied" as a rental, based on the original purchase price, minus land, plus whatever capitalized items you did to prepare the property for rent.

The clients that I get very concerned about are the ones that are telling me how to do my job.Overtime, they become the most expensive in your business because they take an emotional toll as well as more actual time.These people are almost never satisfied and are quick to jump the gun on everything.

I guess I'm just looking for some general advice/insight.Also in regards to the location, Pittsburgh isn't really a hotspot.

How about instituting something for property tax increase control and insurance increase control I guess they’re not interested in those topics.

My brokerage is actually hosting an REI on tap meet up next Thursday the 16th at Rogers Roundhouse.

@Min Zhang I am actually reading that book now, and have found it to be quite helpful in starting to build an understanding of what it takes to succeed in investing out of state!

I don't see mortgage rates dropping anytime soon either and may actually get worse.

The ONLY basis for CSS you can use is your actual tax basis, i.e. your acquisition cost plus some closing costs and post-acquisition capital improvements.The confusion comes from misunderstanding the essence of what cost segregation is.