Regarding the 'investing for appreciation', I definitely agree with your sentiment.

I would agree with the sentiment shown here - Philly has some bad areas and might warrant far more than a 6.5% cap rate.Additionally, take the numbers provided with a pound of salt.

@Serena Tillman welcome to the BP Family, I’m also new and share some of the same sentiments.

Yes, that was my husband’s sentiment as well but I kept thinking that due to her personal circumstances we could give her another chance, and another ...I will probably not make a complaint, as for what it is worth she did find us tenants last year.

The sentiment I found was that they like staying with their friends and still living in the college atmosphere instead of going back home with Mom and Dad.

So the price you get will be dependent on investor sentiment and what they are willing to pay as a multiple of rent and of course the condition of the property.

Also I believe the utilities are connected to the 1st floor unit.I just got an inspection done and sent EMD, but am having 2nd thoughts based on other people's sentiments about illegal units.Please let me know if this deal is too risky to proceed with.

Though builders continue to see strong buyer traffic, recent increases for material costs and delivery times, particularly for softwood lumber, have depressed builder sentiment this month.

Going to disagree with much of the sentiment here except for @Kate Barry and @Bruce Lynn through Point #3.You definitely want a team up front, especially if you're investing out of state.Order definitely matters, though, to Kate's point, but with that said the only one that wont take your call until you have property under contract, is the contractor.

And to the same sentiment, offer to find him another place to stay -the same effect as cash for keys-.