Even locally, it's been stretch. 

(They also list on VRBO and AirBnB for owners) I don't know if that's unique to this market, but it seems that they take up a huge part of the market down there.I like your take on someone else paying 95% of our vacation home for us.

I like Fairmount, Brewerytown, Fishtown, Logan Square and that whole stretch of Philly

Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.

So to the uniqueness, my father in-law is blind his brother is also blind and they're both seniors. 

That being said, even hard money will be tough at this point- if you have no relatioship or connections with HML, 10 days is a stretch. 

A couple other points to mention would be that someone could purchase up to 5 investment properties with this loan structure if they qualify, and that this is only available for SFR, not MF properties.It might help if I shared exactly how I personally used this portfolio loan to advance my investment goals.This is one of many unique lending options available today that is good for investors to evaluate if it fits their goals.So here is what I did:After running the numbers of putting 25% down on one investment property, I chose to purchase 5 similar properties with the same 25% down.

The emotional ups and downs involved in evictions and collections are truly unique.

I'm not saying that your plan can't work, I'm just pointing out that these types of extremely cheap properties usually come with TONS of unique management and sales challenges that don't occur with more run-of-the-mill properties, so you'll want to study up on those issues and have a game plan before proceeding...regardless of what you decide to do, it may be a good idea to consider how you could leverage this deal as a springboard to get you to other, higher-grade properties......the good news is that you're only $5k into this thing, so you're not in too deep...yet...Good luck out there!

And one thing for nurses you have to really cater to their unique needs [they take assignment in usually 13 weeks stints and most find short term housing on Airbnb and or Extended stay then look for longer term [lower cost] housing.