Hey there,Does anyone here have experience in running a mid-term rental in Philadelphia?

@Vishal Amin Strong FICO and a loan amount over $75k should put a DSCR loan in the low to mid 7s today.

What is less clear is will the current pricing hold or will the prices fall to be pre-Covid price plus CPI (likely in the mid $50k).  

You can go further with mid stay cleans, grocery delivery, and more.

Just made an offer on one earlier in the month but it fell through so I may hold off until later in the year / early next year to catch the beginning of prime season vs mid season. 

Recognize being the GC is work, requires strong organization skills (especially with tight timelines), decent communication skills, and design skills.I have acted as GC many times and have done well on these rehabs but I recently completed a large rehab (completed mid May).  

Mixed usages, such as a furnished mid term rental of one unit or vacation rental usage (where permitted) is also an excellent way to boost revenue.

This is sometimes referred to as mid term rental (MTR), but an MTR in most jurisdictions is simply a furnished Long Term Rental (LTR) with short lease agreements.This could allow you to rent to students and medical professionals.  

Purchase prices are not as low as the mid-west but the proximity CA, and the strong appreciation are huge positives. 

@Mark Peeples it's buy and hold and rent out to tenants as a mid-term rental unit.