That's a handsome return for a pretty passive approach.  

It's a pretty good deal in our minds, and we are inclined to stay there because rent is so cheap.

The right or wrong is in your attitude and agenda.In the boom years leading up to 08 our income was very unpredictable but pretty lucrative. 

The surrounding neighborhoods (West Passyunk, Girard Estates) currently have pretty strong fundamentals, although weigh towards owner-occupied.

I bought one in Philly and got schooled pretty good.. we made money but holy cow.

(I am getting pretty tired myself sounding like a broken record).Direct mail marketing works SO poorly, you need to send THOUSANDS of mailers, AND you need to send these thousands of mailers SEVERAL times to get a deal.So:BECAUSE the performance is SO low you need to send thousands to COMPENSATE for its poor performance AND hit the receivers several times BECAUSE the performance is so low to get a deal.Conclusion: "Direct mail marketing works"WHAT THE HECK?!

MLS--pretty much always where we find deals.

That's pretty good.

Don't always look at "pretty" homes.

It has been pretty popular for investors and I have invested a ton here as well.