I fully recognize that's true because of the people I surround myself with.

We have a project in with the city permit group being reviewed.Just recognize you’re talking bigger dollars and infrastructure.  

So, in traditional, conventional lending, meaning Fannie Mae or Freddie Mac (if you recognize those names), a second home is one that you occupy for "part" of the year. 

I'm currently researching how to effectively navigate this appeal process.A bit more context:The property has a zoning permit dated 1/16/1956, which includes a variance recognizing it as a three-family unit.I do not possess a building permit that explicitly authorizes use as a three-family dwelling.I'm seeking advice tailored to the Philadelphia, PA area, particularly regarding this situation.

Your only unique "risk" to such is it goes gang busters and the one your leasing from decides won't extend lease terms because want's to try it themself, and oh-well, it was to get feet wet and try it out right, so if proven now you have that to go forward and buy with knowledge vs hopeium. 

Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.

I find it confusing how a field inspector would not recognize that fundamental fact, as no department would issue permits if zoning 1st required a variance approval prior to permitting. 2nd, if you have field inspection card and signatures of field inspection approvals, it may be simply a clerical data entry error on the municipality.

However, promoting a $35,000 West Side Home in a disposition effort has proven challenging as:-Access is restricted until final walk through before closing-A non refundable deposit is required (required by dispo company)-Only pics of the outside of the home-Home will be vacant at closingThe home looks decent from the outside & allocating for a full rehab on an 850 SqFt SFH, home est. retail value after reno around 150kLooking for thoughts of other investors & or realtors on this one as I thought this one would fly off the marketplace....  

The good thing about Jacksonville, FL is that Florida does not have a state income tax.Georgia does have a state income tax.The one important thing to recognize about Georgia is that they don't recognize bonus depreciation.

Also recognize that it’s a pay to play space and if you are first time working with them the fees are high.