Thanks,Stephen De George

I would love to organize a meet up so I am posting this to see if anyone near me is on this site.PatrickBonjour,Je recherche des investisseurs immobiliers dans la région de Québec, Québec, Canada.

I would like to invest in one of the suburbs surrounding Philadelphia - Bucks County, Montgomery County, and Delaware County.I found a triplex through a wholesaler that I met at a REIA meeting (Diversified Investors Group). 

Having a home in Gainesville that we own would be ideal, and then any investing on top of that we can do gets our foot in the Door de la Real Estate.

The 20% equity rule on Land Contracts is also the law in Ohio and Indiana, and quickly becoming the de facto precedence in many other states as well. 

@Mark De sagun welcome to BiggerPockets it sounds like you have a good plan in place.  

The furnace was about $2300.Can I expense the furnace under the de minimus safe harbor election (because it was less than $2500), and then capitalize the air conditioner (because it was more than $2500)?

@Aldrich De Jongh, assuming you can get it for the 15% off the asking price, your repair costs are accurate and bring rents to the high end of the area, it looks pretty decent from my perspective as well! 

As an out-of-state investor (Live in PA and have property in DE), we do our own property management (Short-term Vacation Rental Condo) - HOA does all the outside and pool stuff and we book, stock, and clean it ourselves...so I can't help you there either.   

@Shannon Phillips have you ever considered a Delaware Statutory Trust (DST)?