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Updated about 4 years ago,
My first move in my journey.
I've been in Philadelphia 31 years. The neighborhood I grew up in (Tacony) has never been great but I've always loved historical properties and one block in particular is the connection between center city/ 95 north to newyork shopping everything. This will be my first rental property. It's a 285,000.00 triplex with really no comps (similar properties/not many not zoned or occupied sell from 220-250. I'm living 10 minutes north ready to take a stab at a long hold. I'm doing an FHA loan 3rd unit I may take back and start Reno if loan "requires" it tenant is month to month under renters market cost for 7 years who looks very comfortable my buddy seems that's unlikely but 3 units rented bringing in roughy 2000 bucks a month with a operating cost of roughly 1600 after the water bill. Anyone have any experience this is my first post so if I've left details out I'm sorry needless to say I'm here building my team!
Thanks for spending time checking this post out and offering any type of help.