Key attractions include Bojangles Coliseum and the Evergreen Nature Preserve.

We converted wasted dining space into a half bath and a large closet, and the layout flowed so naturally.

I'm looking at two different lending options.Regardless of which option I choose, my plan is to refinance by Year 5 of owning the property to: a) get rid of PMI if appreciation is good and LTV < 80%, and b) cash-out equity to purchase a second house hacking property.Assumptions: All in cost: $506,500 (purchase price + rehab costs + closing costs)FHA 203k already accounts for ARV, no natural appreciation, value is flat with LTV at Year 5 between 88-90% 30 year Fixed Rate Mortgage 6.5% APR and 3.5% down, P&I of $3,0915/1 Adjustable Rate Mortgage 6.0% APR and 3.5% down, P&I of $2,932That's an additional ~$150 in monthly cash flow during the first 60 months of owning the property prior to refinancing if I go with the ARM route. 

The region is gaining popularity among travelers seeking nature retreats.

While Pittsburgh isn’t a “beach” destination, it’s surrounded by lakes, rivers, ski areas, and outdoorsy recreation, so it does check that box of having natural attractions nearby. 

I got started naturally by renting out my home in Raleigh, NC when I moved to Virginia last year and just recently purchased a duplex in Danville, VA.  

HELOC's by the very nature are tough to service with future advances taken.

Relationships tend to form naturally when you’re genuinely engaged.Also, consider reaching out directly to professionals you admire, many seasoned investors are open to mentoring if they see you’re serious, respectful of their time, and willing to put in the work.If you ever want to chat strategy or get perspective on commercial deals, feel free to reach out.

Out-of-state investing has its own risks: travel time, reliance on contractors/managers, and the need for cash reserves if something goes wrong.It’s natural to feel like you need to “start now” or you’ll miss out, but it’s worth weighing the pros and cons of buying a $125K property in an unfamiliar market versus leveraging your capital in an area you know and trust.You’ll see plenty of posts about Ohio or other markets being “the best” due to jobs, affordability, and population trends—and there is money to be made in many markets.

During that time, I have completely renovated the property and have added ~$100,000 in forced appreciation, while the property has naturally appreciated ~$75,000 (based on recent, nearby sales).