I am currently in operations for a large corporate investment bank, which pays the bills, but I am looking to build wealth using real estate.

Just bear in mind...you will probably operate in a grey zone (unless you open a business and get the licenses, which most people don't care to do) and obviously need quite some cash to get started seriously.

They are all quality tenants making at least 15k a month and seem very enthusiastic because the unit is fully upgraded with high end finishes and appliances with private garage and backyard.

Just to be clear here, while I have DM’d with you, Remington, I have not indicated that Reafco agents are or are not operating in line with what we are allowing on the forums.

I don't operate in the Bay Area but from my experience operating MTRs in different markets large companies use third party placement companies or have large contracts with large housing providers.

Operationally nothing changes.  

I suppose it's a lot easier for me to say/do this because I operate 100% electronically, but even if someone only looks at the sheet for a few seconds to answer a question, then I think it's worthwhile to include them.

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Annually, Does the higher nightly rate but higher vacancy rate push off the highest operating income? 

It explains why they are usually in the lowest barrier space within the industry (until recently not even a license was required & many still operate illegally).As a Philadelphia resident and active investor in the city I fully endorse investing in Philadelphia but only if you’re receiving sound advice.