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.

I did speak to a real estate attorney, and his recommendation was just have the property LLCs and operate out of them property wise/independently.   

For example, Brandon Turner was great as a podcast host that helped a lot of people and now seems like another slimy online guru who is better at promoting and fund raising than being a good operator. 

Look for long time operators, ideally that survived the Great Recession.  

Don't gamble. 

A few things I do personally for clients is: create a P&L, market to my buyers list, pre-market the property online where the target audience is, and make a plan for bookings and the booking calendar to minimize losses while up for sale and operating simultaneously.  

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. 

Smaller facilities have smaller operating budgets so any one bigger repair or required maintenance item can blow your annual budget.

I use competitor pricing as guide posts but since I've been operating for several years, I look at historical, year over year data for my own place and raise it a bit.

@Cory Gamble do you have their contact number