These are for properties in B+/A-Class neighborhoods and the tenant pool should be more than capable of following the process.

Is there anything in the rules that will not allow me to borrow against the property in excess of the balance of the purchase amount? 

Getting familiar with the neighborhoods, would suggest coming to Philly and attending some of the CDC/Neighborhood Association meetings or even Zoning meetings  (See what developments are winning or losing)  Also, being affiliated with HAPCO (Your Philadelphia Landlord Advocate) & Diversified Investors Group (Your REIA in the Philadelphia Market)Also, set up your financial capability up front so you can be more direct on neighborhoods you can afford better not can afford.Let me know if you have any questions.Regards,Joe Scorese

If you are an investor looking to get your license, you won't need the excess of training at the larger brokerages, you will want to find a mentor who is an investor-friendly agent, but you do need a mentor if a smaller agency has limited training.

Hi James,Here is what I have seen other brokers and agents do who can't, do not have the capability, or do not want to syndicate directly.

I would live in a studio apartment if I needed to in order to expand my investing capability.

You will be hard pressed to find a legitimate 1% property in Denver without the capability to locate off-market properties with a highly motivated seller and you're likely to do some rehab.

I absolutely wouldnot recommend anyone do business with them after seeing what they're capable of.

The inspector will highlight if there is any excessive mold.

@Drew Moyer,It depends on what you're doing, if it's turnkey then the amount needed is minimal, if you're doing a full rehab, I'd recommend $15-$40K depending on the situation, again it all depends on your knowledge, connections and funding capability beyond cash.