Do a couple of math examples and compare your rate of return, factor in potential appreciation (its a bonus but dont let it rule your decision making process) for example house A costs 100k brings a 8% annual ROIHouse B costs 50k but brings a 11% ROIthen the answer becomes obvious, you want to deploy 100k into 2 of house B.

Using a hypothetical 100K cash purchase if you value cash at a 10% return and mortgage interest rates are at 5% you would be losing a potential $416.50/month by having 100K in dead equity.

If you have concerns about the heard mentality and its impacts on the economy I'd look at the valuations of the FANG stocks and potential localized impact they could have a RE market.5.

It seems like a potentially HUGE disrupter to the rehabilitation business.

There are, however, a few properties with some potential after some negotiations. 

(I'm hoping to build rapport with this question and potentially be able to help solve his problem, if possible)3) Are all the units occupied?

My husband and I have been in communication with a fellow investor located in Cleveland regarding a potential JV to purchase a small multifamily in the near future.

This is a great place to learn about investments, etc.I can't speak to the other cities you mentioned, but I point a lot of our clients to Colorado Springs because of its current investment potential.

@Carloz Gil if you are buying in Pittsburgh then pretty much every property is going to be old, out of square, mixed plumbing, potentially mixed electrical.

Give me a shout if you are serious I can advise you about potential mistakes.Cheers,Charles