.: @Michael PlaksBut you don’t know his situation.

I know that a lot of newer investors have trouble understanding the rental license process in Philadelphia and what must be done. 

Since you are very familiar with the process, you know what the lurkers do not know.

You'll probably always hear the noise now that you know about it.....

We were tired of renting and didn't know what we were doing at the time.

I do know some people suggest having multi checking accounts for long rental properties.

Thank you for the reply Sam, that is good to know. 

Most lenders I know that lend on projections just go off AirDNA cut and dry.Are you using the premium version of AirDNA that allows your to see the comps or just going off the generated numberIf there are no lakefront comps, I am afraid you will be sort of winging it. 

PHX is growing so rapidly, so knowing which direction that you'd like to focus on will definitely be key. 

Do you have experience and know the cycles of your market so you know the best price?