The IRS seems to hedge on this and I see other custodians marketing say you cannot have full time employees.

I am now looking to enter the Chicago market, I have heard good things about that market.

I am not in the flipping market but I handle multifamily transactions for buyers and sellers who are very transactional.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Currently, I'm analyzing different markets to see which one will best match my strategy.

I wanted to see what markets have both a relatively high rent-to-price ratio and high appreciation.

All indications here are of a pretty healthy market. 

I assumed some would need replaced, which would be okay, but I would hate to see it all trashed.I guess in that vein though, I hear that a lot about LTRs -- the horror stories -- and we have been blessed with amazing tenants (generally) so I was thinking it would be along the same line where it would be something where you would want to charge high-end and screen intensely to try to get a tenant that just is transitioning and can benefit from the furnishings.I know that could still happen though, even with all the precautions you can take, so it's something good to consider! 

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

I would never let a client purchase in certain areas of my local market....