(I guess I can ask the same question for all the renters out there)For other investors in the Pittsburgh area, is it easier to rent out a 2 or 3BR townhouse?

I mentioned before, conventional loan ratios use to be 24/36% so it's gone up, way up, making it a lot easier for many to qualify from what the old standard was. :)

There are so many properties for sale by owner that it would be so much easier to have a search criteria.

Waiting until the property turns into a REO may cost a little more, but you will get a clean title, a warranty deed and have the option of buying title insurance.One auction option that can be very profitable is tax sales.

Portfolio loans are also are easier on the underwriting and can close on a shorter schedule.

But a clean 3/2/2 rental unit can usually be sold quickly.

I like the fact that when I do commercial deals I know what is going on with a transaction and do not have to worry about an agent not telling me something and cleaning up a mess of epic proportions.There were a few good agents but I didn't want to mess with residential on any level.

You need some time to line up your buyers and the more time you can get the easier it could be to do the exchange.During due diligence period, find buyers for your 3 properties.

It's sustainable business.As far as I am concerned there will always be a place for both good clean rentals in nice buildings and first time or the downsize priced property.

The condo is extremely clean and well kept almost like the tenants were specifically brought in almost like a staging.The owner says they might be interested in staying on after I purchase the property but there is zero chance I would keep them in the condo without a new lease.