Plus, not getting permits for electrical is taking a big gamble on liability.

Your duplex was built as a single family, so it comes with certain characteristics and could be used again as a SF at some point in the future.

Hi Guys,I am trying to come up with a strategy of identifying areas around Philly where I can get a higher cash flow on single or townhomes based on the following characteristic.1. low taxes2. higher rents Can you tell me based on your experience what areas in Philly have met your criteria on higher cash flow and why?

Originally posted by @Harry Gamble:@Steve Balinski.

Before the moral revolutions of the late 1800's/early 1900's, virtually every city had a "red-light district" where all the undesirable stuff went - gambling, prostitution, homelessness, etc.

Plastic bin lids keep in stink much better. if you want to gamble on it, put up a fence to the side to be respectful so he doesn't have to look at it.

Just to give you a taste we discovered that our last Prez stole $24k from the reserve to gamble.

in my mind this works for the cash buyer but the leveraged buyer thinking they are going to pull all this equity so quickly well that may happen if they get stunning appreciation. but you know appreciation is gambling and a fools errand according to most BP buy and holders  :)  

I think it would be a gamble to assume 100% occupancy 365 days a year on your underwriting model and assumptions.

However, I know someone personally who had his loan called due so it's a gamble you have to be comfortable with.