Debt coverage under realistic interest rates (DSCR)3. 

Quote from @Evan Smith: I’m looking to purchase several investment properties valued under $75,000 or less.

I also agree with keeping that work under the owner's control rather than relying on a tenant.For the HVAC, with a 2018 heat pump and filters being handled, one professional service per year is usually sufficient unless issues pop up.

Self-reported data is a starting point, not verified.My approach is layered and standardized:I control the application and require consistency across all applicants to remain fair-housing compliant.

For buildable lots and targeted investor searches, many GCs and portfolio investors also layer in parcel and land data tools such as LandVision or property intelligence from providers like Data Axle to cross-check ownership and contact details.

To add another layer of complexity, this is a Section 8 tenant.  

Wanting to learn multiple strategies before scaling is smart, especially BRRRR vs flips vs buy/hold since they all look similar but feel very different in real life.I’ve seen a lot of folks in the Midwest start by doubling down on one strategy first, then layering others once systems and team are in place.

VA assumptions add an extra layer of complexity that can be challenging for unprepared buyers and sellers.

Hello everyone I am looking to get into the Pittsburgh market.  What area should I stay away from and how much work goes into fixing up a 75k property in Pittsburgh?

That spreadsheet is much simpler than the above.If you have a straight partnership, the proceeds might be a simple split.Creating a spreadsheet that could effectively handle both types of structures adds a further layer of complexity.