Investment Property in Greys Ferry

[Priyanka Singhania]

Hi, I'm in the process of looking for investment properties in South Philly, more specifically the Greys Ferry area. A lot of new construction has recently been on the market this year. I know none of us have a crystal ball, but what are your opinions on a buy and hold strategy on a new construction home selling for around $400k in that area? 

The plan would be rent it out or maybe airbnb depending on the place. The 10 year tax abatement is a nice perk in my opinion and would help us keep the monthly costs lower.