I love Lower Merion. I can't afford to buy anything there. I was just driving around in Bryn Mawr on Saturday. The not-so-nice looking rowhomes cost well over 200K. Have you ever found anything that is a good value for an investor there?
What kind of business model are you seeking , Flips, or rentals ? Its a great place to buy a big (2500 sf or larger) fixer for $450-$600k, and turn it around $750-850k . Deals priced under $300k tend to have more than a few other limitations for reaching higher ARV such as a busy road, smaller than average/unusual lot, or no parking / garage other than on the street. Jobs cost far less on the philly side, where there are cookie cutter row homes to be acquired under $100k and turned around for about $200k with $40k or so in rehab work.