Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

This allowed our partner, Jamari Sprueil, to move forward without any upfront costs.

It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision. 

@Ben Syzek with $50k, you're probably looking at a property with a total cost (purchase price + reno) around $250k.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I’d love to hear your insights or experiences managing properties with similar setups in Pittsburgh.

Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.

I am looking to buy a property in SLC Utah that i would want to try and run as a STR to help offset the cost.

You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.