This applies to both PM and self-managed investments.

The amount of the distribution is generally added to your taxable income and a 10% penalty can apply on top of that.

I've kicked around installing AC but still manage to get renters applying to live there before I pull the trigger on installing AC. 3 - 2nd Duplex - I installed central air after purchasing the property for inherited tenants but they've used their own W&D units for years.

Montgomery County update their laws regarding ADUs recently, which definitely opened up more opportunities for house hackers and investors alike.ADU regulations generally apply when you have a completely separate dwelling unit on your property — think a basement with its own entrance, kitchen, bathroom, etc.

Whether it’s through mentorship, case studies, or real-world success stories, seeing how other investors have navigated challenges and succeeded can provide you with invaluable insights.These stories don’t just offer inspiration—they offer real strategies that you can apply to your own journey.

I even took some of the concepts discussed in the book and applied it to how I manage my personal finances as well, incredibly helpful read!

Now applying this to Philadelphia, you can easily go into areas of North Philadelphia or areas of SW Philadelphia just as examples and find properties that pencil as BRRRR's as easily as it is to pick produce out at a grocery store.

@Ofir R. we've helped several in the past from Germany - usually trying to save their portfolios after they dealt with the wrong "experts" and made bad decisions.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Don NicolussiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

BUT this applies to experienced builders who have a strong track record of successful projects without trailing loss history.