Don't know Pittsburgh, but do know that many investors make the mistake of not properly aligning the following per property Class:1) Expectations - too many use Class A expectations for Class B, C, D, etc. properties, then wonder why they're not hitting their ROIs.2) Hiring Class A PMCs, contractors, etc. for Class B, C, D, etc. properties. 

how about an 8% return on your cash, depreciation and pride of ownership by taking title to a rental property worth $380K? 

 Allstate has the same 5 property limit, I have 10 with them.

When you say the lender is "heavily involved" with the renovation funds, its no different than hard money.

Quote from @Stanley Yeldell: Real estate deals don’t always fit neatly into a conventional loan package, especially when you’re looking to fund multiple projects or tackle unique properties.

This is another reason to put the property in an LLC.- Then the LLC is identified on the lease as the owner.

@John Underwood I’m referring to property management and cohosting, not investing.

In my opinion, the best time to invest was yesterday.Over a long enough time horizon almost all property will increase in value, you'll pay down the mortgage, get tax benefits, and hopefully cash flow from rent.

Curious: How do you think AI will impact property management, leasing, and landlording?

He explained that a lot of everyday property owners (not just investors) aren’t looking to sell because they locked in super low interest rates and don’t want to let go of what they have.