So the old homes were sold to canny investor types who quickly converted them into duplexes and filled them with black folks eager to get out off the Hill and white Appalachia hill folk from the surrounding areas looking to move into the Pittsburgh metro area.As the municipalities began to catch on to the fact that any sort of old home undergoing a conversion to multifamily was bad news for the area, they passed ordinances forbidding the conversion of single-family to multifamily.

This is an amount that is typically say 10%, to cover situations where completed work has issues, and it is intended to motivate the contractor to correct those issues.Then there is the matter of subcontractors.

@Austin Haynes  I want to apologize for hijacking your thread and I hope you've gotten your property sorted out at the end or have moved on to the next?

I know I know this is super cliche and I said for years that its BS....but then I joined a coaching group....and started running with people in there....Even if they are not in real estate, just being around people that are motivated to go places helps your mindset. 

I buy distressed properties or from motivated sellers.

Now, say another person is always on facebook arguing and fighting with people over dumb stuff, acting crazy, lying on people and doing all sorts of things not becoming of someone decent..........you might see that they are looking and not reach out to them. 

If you have identified where you want to invest first, this is much easier to do.Feel free to reach out if you need further help, like for example in sorting the wheat from the chaff.

Ideally I want to do some sort of bridge/fix and flip option for renovations and then refi around 2.5/3 years once increased rents are stabilized.

Mentally, this will help provide motivation.

im not yet into foreclosure since this process is more delicate, i rather dealing with nice houses, and seller who have motivation to sell because of divorce, or job out of state relocation, 2 mortgage payments and cet.