@Sakshum Kulshrestha The key to the rental license in Philadelphia is ensuring the properties zoning allows the use.

Together, we negotiated a great price of $20,000, allowing us to allocate more funds toward renovations while ensuring profitability.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Just ensure to complete necessary due diligence - this can include, but is not limited to, title search, property inspection, appraisal and/or survey. 

Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

Ensure the property’s price aligns with market trends, and work with a local realtor to help with due diligence and negotiation.Good luck!

When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.

In trying to be more helpful, I came up with two additional ideas:1.

Nick Check with municipalities, counties, and HOAs to ensure you are in the clear.