With 20 years of experience managing 30+ long-term rentals, a few STRs, and running a property management company in Central Florida, I’ve learned both have their place in a portfolio if you diversify based on your risk tolerance and the timing for your goals.

Personally I like the Section 8 program when the property is located in a super poor area with a ton of blight and crime.

Am I in a bad position.

The majority of our expertise comes from experience and having a specific book of real-estate clients who are involved in a wide variety of activities.

I doubt there is anything in the contract about communicating in a timely manner.

Partner with an Equity Investor:Bring in a partner who provides the down payment in exchange for a share of the deal’s profits.

They average 4-5 night stays, keep in mind im not in a vacation hot spot.

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

Because it looks shady to most sellers, in a variety of ways. 

Example - borrower uses loan to purchase a home in a B or C grade neighborhood for 380k, spends 50k rehabbing primary home, uses 200k to put an ADU in the back, appraisal comes back at 925k.