Looking to buy my first rental in Philadelphia and need help.

[Mike L.]

Hi guys, 

  I've been looking to buy my first rental and need help! 

My plan right now is to start  buying properties in north Philadelphia to begin building a portfolio. I've thought about a budget for each property to be $15k- $50k and to do repairs myself. I'm having trouble deciding if that's the right decision, where to start, and what I need. 

• Is it worth it to get started in a low income neighborhood as a newbie? 

•Do I need an llc, what type of insurance should I look into getting?  

•Being a low income neighborhood how hard is the eviction process in Philadelphia if I have troubling tenants? 

•Is it worth it to hire a realtor to mange?

•Is the licensing and permit process tough to go through?

•Can anyone suggest a newbie investor friendly in north Philadelphia?

Thank you in advance!