@Rush Howe In my opinion, Pittsburgh seems to be staying below national numbers, as historically it has been, therefore it should remain a hot target market for some time. 

And, in your opinion/experience what are the chances of the builder paying? 

In my humble opinion I think being an absentee landlord is never a great idea.

Are your comments based on empirical knowledge or opinions? 

If you are going to make a point out of what I said, then please don't omit words to make your opinion carry any weight.

@Tristan S.My opinion and my experience.

Flip it, I can likely make a $10,000 - $20,000 profit .... so long as I purchase the property for the right priceAnyways, I wanted to get others advice and opinions on the forementioned scenarios and see what others thoughts are.I really appreciate the help, Thanks so much

Right now as a newbie I'm thinking this situation is not something I can move forward with but wanted everyone else's opinion.  

., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.In my opinion if you're basing the increase on market conditions and not on trying to take advantage of anyone or increase the rent as a way to eliminate a tenant you'll probably be fine.

Get a written opinion of the rental value from a qualified real estate professional.2.