Understand true costs to maintain a home2.

The last thing I want to do is mess everything up by not having our accounting done correctly. 

It's a bit cumbersome, you have to maintain strict financial separation, and because the loans have to be non-recourse, your LTV is lower.

The heavy cleaning and repair costs after longer stays are definitely pain points but I've seen my clients make it work by screening the tenants more carefully for MTRs, doing bi-monthly checks to catch issues early, and writing clear lease terms about maintaining the property.

It is also why such neighborhoods are most likely to appreciate because those who own properties in these neighborhoods are on the correct side of the supply/demand equation.Since your post is focused on Philadelphia, the city has good fundamentals...strong Ed's & Med's, good accessibility to both NYC & DC, own port, international airport etc.

The home we have now in Lakeland, TN (near Millington) is definitely Class A and there is a large volume of transients that move through the naval base, FEDEX and other like jobs that our neighborhood of 400+ homes hardly ever has ever rental openings, but there are often multiple homes for sale.We think if we can maintain the right type of tenant we will be fine.

You are correct the proper word I am looking for is ownership.

This ensures you’re protected in case of disputes and shows your commitment to maintaining the property thoughtfully and responsibly.I know this was longggg, but hope it helps you or anyone else with this same question. 

But you still have to provide (and maintain) a kitchen, a bathroom, HVAC (well maybe just heat), a water heater.

Is that correct?