Pittsburgh Rental Market
I'm looking for opinions on the rental market in a specific part of Pittsburgh. Is anyone familiar with the Munhall/Lincoln Place section of the city? The numbers make sense on the property I'm looking at, but I'm somewhat concerned about the location. I know it isn't necessarily a "bad" area with high crime rates, but I worry that more people are purchasing homes there rather than renting. Thoughts for a first time purchaser would be greatly appreciated!
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I'm decently familiar with the area if you'd like to discuss. I'm working on a property right next to Munhall. Like Alex said, it varies street to street. Find the deal and then analyze the street and determine if its an acceptable level of risk for you personally. If you only target certain streets in a small area, you may wait a longgg time for a deal unless your willing to settle for small margins. In my opinion, Pittsburgh homes are far from cookie cutter type projects so you have to analyze every deal carefully.