I'm still running the numbers on properties every day, but I was wondering if anyone had other suggestions, or tips for investing out of state into a better market. 

I think you are best served to get the best advice and that is what will make your business work much better than the ones who don't care about the regulations.

Not that that means anything good or bad :-) But if you want high quality genuine coaching about investing in Philly and at a reasonable rate, I can  connect you with a wonderfully savvy, professional investor who does coaching.

If you decide to build new construction, be very careful with builder contracts out there. 

Sometimes you have to drop everything to take care of your guest.

What I am trying to say is be very very careful in the city and speak to attorneys ahead of time in regards to the process, cost and how long it will take. 

When tenants and owners feel cared for, word spreads.

From there I wondered across BP and passively listen to podcasts.Future interests include:1.

.- Most cities do NOT care if an owner lives in basement, but will not allow a tenant to unless baement has legal egress window.3) Check local statutes if any limitations on how many unrelated roommates are allowed.4) Check with local building dept to see if rental inspections and corresponding requirements.5) Local statutes allow locks on bedroom doors?

Wondering if anybody has invested with American Homeowner Preservation out of Chicago?