Before I jump into the cash required to operate which isn't given enough attention by most investors there are additional fee related questions a borrower should ask any prospective lender: Are the 3 points inclusive of loan doc prep?

You want prospective tenants to come see it, walk it, imagine living there so don't get in the weeds on the details or offer photos that aren't great. 

Quote from @Ricardo Marquez: Hi @Jennifer Stammberger this is Ricardo from yourserviceva, we are a real estate agency with non accent cold callers ready to start whenever you want, I'll text you our info on private also-Ricardo Marquez Hi Recardo, I am looking for a good cold calling company as well, to help call and negotiate RE property prices with prospective sellers.Looking forward to your response. 

But in this case what is the difference from the buyer prospective, other then they are getting a better loan/ equity situation then conventional financing?

The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.

Typically, RS3 permits SFHs and two-flats, by right.

Louis and Detroit prospects have always been tempting, I just don't know anything about them. 

If you do not, I would still love to connect sometime when time permits.

We have requested permits to fix this and have not heard back yet. 

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.