Our response stressed that we take great care of the pool with weekly maintenance, that they enjoyed having the temperature in the high 90s, and we are glad they liked all of our pool and beach supplies, etc.  

Operating in Philly can be a big problem if the laws and regulations are not followed to a T.

Some lenders will underwrite off of the "Note Rate" and some will "Stress Test" the rate to a rate higher than the "Note Rate" which will give you even less leverage/lower DSCR. 5. 70% LTV on a 1.

maybe some of us older guys remember when RE only appreciated a few points a year at best.... all you young bucks think these huge annual appreciation numbers are the norm - they are "not" if you cant get an annual return better than that of a t-bill or CD - run .... 

Completely agree about NYS tenant friendly laws (I live in NY) and it can be tricky to navigate so I would definitely stress this for anyone thinking of investing from out of state.  

@Chris Hutchens Eastside primarily (most distressed area that is a big focus outside of downtown), Harvard Place/Eastlawn, Denver Heights .. many near St Phillips Coll, UTSA, & the AT&T Ctr .. and expand out

Make no mistake - it's stressful and it sucks taking on a project like this - especially out of state.

PS Only T-Bills and FDIC Insured bank accounts are riskless.

.🧘‍♀️ And here's the kicker: hobbies are like natural stress-relievers.

What are the T-12.