In Philadelphia the fundamentals are strong: leading industries/employers are in the Education and Medical fields which are known to be stable, proximity to NYC and DC, national airport, port city, affordability compared to mid-atlantic predecessors.

Health insurance, 401k, etc., and usually 8am-12/1pm daily. 

Here's a breakdown:Conservative: 8-10% after covering all expenses (mortgage, taxes, insurance, property management).

Quote from @Carl Rowles: When you insure a SFH rental property, do you try to adjust and of the coverage amounts?

Knob and tube is very difficult to insure. 

Now that I have a stable income and the drive, I want to finally pursue my curiosity for Real Estate. 

Long-term buy-and-hold rentals in stable neighborhoods, prioritizing consistent cash flow and responsible management over rapid appreciation.

Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.

The insurance payout also impacts your taxable gain.

Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.