Please do this first:  contact the local Housing Authority office in your market area and obtain the landlord package.

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.

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

How about using SDIRAs not to hold assets but to operate businesses?

Always had to jump through hoops but always had it based on the property / asset

No maintenance/cap ex, vacancy, PM, book keeping, asset protection, miscellaneous, etc.his actual cash flow when properly allocating for sustained expenses is a fraction of his advertised cash flow.  

Why couldn't the officers in RAD obtain financing for their primary home from traditional lending sources?

(1) File FiFa with the courts(2) Find assets (car etc.) to file lien.

Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.