If you don't want to occupy, there are other options that look at the income potential of the property and do NOT factor in your income, employment history or DTI but you'll have a significantly higher minimum down payment - plan on 20% to be safe.

If those numbers work, you should be safe. 

If anybody has a reason beyond "better safe than sorry" or "I like to be conservative," please share!

Would love to chat any time about this market and why you should invest here.Stay safe! 

Do you think it's a good money investment considering current crushing market and if you consider this as a safe investment. 

Do you mind to share any resources (or another lawyer contact), where I can learn about these stuff and what structure is the best for now to stay as anonymous as possible while keeping your funds safe?

.- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.

We just try to build a safe happy life knowing it could be gone in an instant.

Would the previous owner’s Lead safe test will transfer or if I’d have to get a new one?

Moving forward, a better alternative than hassling yourself and your guests with damage deposits is to just purchase damage insurance through a company called Safely for each booking.