A&M Courtyard Apartments are a fully stabilized 33 unit apartment complex that is comprised of a mix of 1 and 2 bedrooms.

You Turn the Living Room into a Fourth Bedroom.

EBR housing allows around $1,300/month for 3 bedrooms.

Purchase price: $145,000 Cash invested: $60,000 Fully renovated 4-5 bedroom ranch on 3.3 acres.

As eric pointed out, someone who lives in Phila will have to be registered as a manager of the property to obtain a rental license - usually a PMPersonally if you're looking to target SFH I would recommend: Roxborough (for 3+ bedroom - there is a large saturation for 1-2 bed apartments in area), East falls, E and W Mount airy (need to be proficient in neighborhood to know where the good and not so good blocks are, and far NE philly.

I first look solely at parking, since I do 8 bedrooms. 

FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.

There are two, one bedroom apartments on the second floor and first floor is currently being used as a convenience store.

Buying a property as primary, renting a bedroom or two to friends is a good way to start building your RE portfolio.

Rent in the neighborhood is $895 for a 2 bedroom, 1 and 1/2 bathroom, so for 4 units it will total up to $3,580 ($1,073 difference).