Best bet is to try to work it out with the tenant.

The were clearly mansions at time of construct, and now converted small multi's all sec8. 

I have an investor that just moved forward with a new construction duplex that happened to be fully rented when he bought it .Best of luck to you and connect if you would like to talk more. 

where some guy in sunglasses lets you bet on what number hes thinking of.

Does anyone have experience with new construction in Philadelphia building on Vacant Lots? 

If you’re just starting out, a long-term rental could be the safer bet for consistent returns and lower management hassle.On the other hand, some investors prefer out-of-state opportunities for better cash flow and affordability.

I do not appreciate basically being “fired” by my property manager because she was unable to handle firm and constructive feedback regarding the lack of HER communication and multiple mistakes by this company.

It’s especially advantageous that your construction costs are lower due to being a builder, which really boosts the overall profitability of the project.The numbers look strong, especially with a refinance at 5.9% the $24k net after expenses and $12k yearly pay down show a solid return, even with conservative estimates.

There are more construction loans available, then loans to purchase the land. 

If you're asking for tax purposes, talking to a CPA would be your best bet.