Locally, I know an investor that runs a crazy profitable trailer park where he is probably pulling in a 20%+ annual return on his investment - but he has to self-manage because no one will touch it, collects rent and deals with evictions armed, and has several "overseers" living for free on site to make sure no one burns the park down.

I actually work with these entities, you have read in the news about our work, I have 1st hand insight.

Hello Felicia, The good news is that rates have started to come down a bit so that can help your cashflow a little more.

The other markets might be as well, but what I know about my market is we saw 2% appreciation throughout our mls last year despite the national news of real estate being in a decline… we are so insulated from the “bubble” conversation.

Being in the real estate business, I enjoy watching real estate news on social media, it gives me peace of mind.

Its a gamble to go the permit route or not in Philly and absolutely matters the neighborhood/your neighbors as they are usually the folks that will call L&I on you OR if your property is near other construction sites where inspectors would be traveling to/from. 

Provide four to five copies of drawings size 24"x 36" and 11 each Site Plan/ Boundary Survey.

Quote from @Tyson Thompson: Your best option is to use a data site like AirDNA. 

Another one site unseen, just signed power of attorney over for the closing at a notary off of Baker St!

That's good news at least.Personally, I would give this all some more time.