I also just wanted to let you know for the sake of your calculations, I'm a loan officer and (depending on your credit) even with a 15 year note, you'd be lucky to find a 4.25% mortgage on a regular sfr with no points nowadays, let alone a jumbo loan like this would be.

We have  had properties all over the state and the preparations and damages are a pain.  

Do you run background/credit checks? 

Worst case they hit your credit w a collection, which won’t hurt it more than 10-15 points.

Pittsburgh is great because you can purchase at very low rates with high cap rates but the potential for high turn overs and tenant damage.

If you want to be an investor, despite the no money down stories, you will need capital/credit or someones else's to get started.

I can recommend a business LOC that is very flexible as long as you have good credit.

Patrick, I am by no means an expert but my first thought would be to confirm with county property appraiser what the PIN (parcel identification numbers) is described as and if it can be changed or separatedAlso, the tittle company who will provide insurance may be able to weigh in too.Bank or credit union may help with valuation question.

Should i look to investors/ loan/ line of credit and borrow money or wait like a year and save up?

Call a/c guy to fix a/c..then what about carpet or other damage?