Here's the numbers:Purchase: 136k, 5% down = $6800 + closing costs and prepaid insurance will be roughly 10k downARV: 175-180k, have to see how the neighborhood does in the next year, my realtor firmly believes 180.Rehab: 15-20k, all done by us.So after putting 20k into the property, that leaves roughly 24k of capital gains tax. 

Rental houses can be great as long as you own in a,b neighborhoods most times you don't have issues with bad tenants. 

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I've run the numbers on it and ultimately it seems too "rough" of a  neighborhood than what my criteria is.

Sought after neighborhood, beautiful city paved walk connecting parks along the greenbelt behind home.

Others from this area will confirm, Pittsburgh is full of working-class neighborhoods that change radically on a street-by-street basis.

As a starting point, you might start with an 8-10% pref and then a profit split in the neighborhood of 60/40. 

BP family,I want to run some numbers by the community and get some feedback to see if other investors in Arizona are either seeing the same type of returns or better. fix and flip 8% immediate return on investment and 29% over the year East valley home B class neighborhood.

Most people are friendly enough and want someone to come in and buy and old distressed property in their neighborhood and fix it up. 

I would rather get into multifamily properties but all those in and around my area (for 30-50 miles) are in C-D neighborhoods.