Also is there is a way to defer Capital gains.Market Conditions: Look into local rental market trends and economic outlook to decide if things might improve or get worse.Management Burden: Assess if managing these properties is too much work and if it’s affecting your cash flow.Alternatives: Consider refinancing to reduce costs or a 1031 exchange to defer taxes and keep investing.Consult with a financial advisor for personalized advice for sure.

To price is correctly you need to know your competition and micro and macro market trends. 

Since it’s in a specific area of the city, we are designing it in a U shape which goes well with other buildings in the neighborhood.  

Here the agenda behind the prohibitive zoning is anti-gentrification which is merely going to result in disinvestment because developers are restricted on design and density and will simply invest elsewhere. https://codelibrary.amlegal.com/codes/philadelphia/latest/ph...

Ordering a full topographical survey of the property (which will be required for future development and application processes anyway) will give you the ability to show engineering/design groups what you have, and they can give thoughts and bids leading to a site plan. 

Insurance is going to get more expensive, the government wants to keep people in homes, home equity financing is only growing in popularity, multiple generations are living under the same roof more, and all of those trends are going to lead to changes in how tax law is used and possibly the law itself.

I dont intend to deny. however, I have not had any inspection done/put in the paper work to be assigned as section 8 housing designation.

You can take courses offered by the CCIM Institute even if aren't a real estate broker and have no interest in the CCIM designation.

Hi Jerome - MTR is certainly one of the areas of lending that is still new and lenders are still adapting - probably going to run into trouble with more traditional and conventional lenders - which generally take a long time (years) to adapt to new trends like thisI wrote about this late last year as one of the developments to watch for 2024 - particularly how DSCR Lenders are approaching, which is likely the best bet for this investment type currently (but note not all DSCR Lenders are the same - so will need to vet and pick one that is MTR friendly and generally forward-thinking)What’s Next For DSCR Loans?

I was looking to have it convert to a long-term mortgage and eventually cash out refinance to build a second duplex once enough equity built up  Unfortunately that is going to be designated as rural by almost every bank just for the acreage alone.