@Ryan Kaplan If I could afford to raise the rent and continue renting it to recoup the $161k eventually, I would.  

Is this a well stablished developer that has been doing this for years or is he starting out and willing to accept less of a percentage just to get some deals going?

I also run a small fund that does development so I can appreciate it from both sides. 1.

Flat roofs have other issues, they always eventually leak and can puddle up large bodies of water for mosquitoes to breed.

Eventually I moved out and got a fourth renter. 

I have developed an entrepreneur mindset, and I am really excited to see what I do with everything I have learned in the last 9 months through networking in New York City, listening to Podcasts and shows, and reading many books. 

Commit to the process of becoming a regular Pittsburgh investor, hang out here on BP with the Pittsburghers, study the city, its history, its culture, and its strangeness, and eventually you will be richly rewarded.

I'm a 28-Year-old Software Engineer gone architect, living in Shrewsbury, Ma, who has slowly gotten bored of the idea of starting a business "eventually" and decided that there is no time like the present.

It's shame to say that we are also consider the new development nearby -- new house with 5 bedroom 3.5 bath 2900 S.F with a lot size of 2500 s.f, $880K base price. you can imagine how dense that development is.

Develop a relationship with a good realtor that knows the areas well and also utilize the Trulia crime heat map.