Is it a popular area for STRs?

With its growing popularity, the area is undergoing a revitalization, and lots within walking distance of downtown are still affordable—though that won’t last long.

This price range makes cash flow neutrality challenging, especially in desirable areas like beach or lakefront properties.

Challenges?

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

I started investing locally and have kept expanding after moving out of state, so I’ve got experience navigating the challenges that come with investing from a distance too.Detroit has its challenges but also some of the best potential for cash flow combined with affordable entry points.

Challenges?

Challenges?

Partnerships can be beneficial, but they can also present challenges if not structured correctly.

as @Noel Challenger mentioned ?