The 2025 Philadelphia assessment hit really hard unfortunately the values that they assign him any properties are pretty accurate of what they're worth in fact, even a little bit lower sadly though, that makes your property taxes a lot higher and gives you a large jump from 2024.

Maintain a credit score of 620 or higher, save for a down payment, and research markets carefully.

We accepted the higher rate because the lender agreed to allow assumption after 2 years with no qualifying, at the same rate and terms (20 year loan).  

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

This would be in class b, class c will have higher maintenance/cap ex on average. you have $0 for vacancy.

But what if you could do, as I have, multiple deals under 5 k and earn back that 5 k and 10K more each deal...and exponentially higher on each deal that is higher priced than that?

Buying high hoping on higher, higher, higher doesn't work too well.

So many people gloss over properties before truly evaluating their pro forma rent.Also, I think it's a great point about this strategy working in higher rent/gentrification areas of Chicago..it seems counterintuitive.

They have some things designed for higher end investors.

I ended up with the slightly higher rate and 20% down plus a second loan for some renovations.