Best of luck, and if I lived nearby I think I’d be bullish on, and potentially investing in the area as well! 

Have multiple strategies when you're putting deals together so that if one doesn't work well, you can pivot.  

Income should be at least 3 times as well, otherwise they'll most likely move out when you up the rent (I made this mistake once).

And it can work really well for you as long as you pay attention to the statute requirements.In order to defer all tax you are selling investment real estate and buying investment real estate of at least the same value you sold. 

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

I could very well be wrong though.Not an attorney, so Im interested to see if any attorneys chime in on this - I'd like to know the answer myself. 

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

Two different ways to go and both work well.

You will want enough return for the deal to support itself or you won't be able to scale well.

My partner and I have a couple units we manage as well in Washington DC.