Having an agent to help with negations is also beneficial.

Yes, the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is still alive in Philadelphia, though some aspects have become more challenging in recent years due to shifts in market dynamics.If you’re considering BRRRR in Philadelphia, areas with recent or upcoming developments, like parts of West Philadelphia, Brewerytown, and sections of Northeast Philadelphia, can still present good opportunities, but base everything on section 8 rents to see if the DSCR and LTV makes sense

You will then have to weigh the positives and negatives of starting an eviction order due to the lease violation. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I think these are fair questions to ask and are not negative or derogatory, nor are they meant to be.

So I figured that if I could avoid negative cash flow, the other two sources would carry us until rates declined and we could refinance to lower interest expenses.

In the very early days some of my places were negative, and I expected that.

Does it have negative grade?

If you have any further concerns about mold/fungus an industrial hygienist should be consulted.Grading and drainage is either negative (slopes towards the foundation) or neutral adjacent to the left of the building, and moisture intrusion will remain a possibility.

It definitely feels like there is a negative stigma around it.