I just read a few other posts. if you don't know the difference between "eviction and notice of non-renewal" you have a lot of studying to do if you want to manage a property.

Lost time-  you don’t find this out till your Geometra does his study.     2.  

"when you study for your real estate license.. the study materials go pretty deep into the Law. and then Ethics and that the two are not the same..

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

Here's an article with FAQs including the cost of a study.

You do need a subscription to study the comps FYI. 

I’m most impressed with the fact that you studied real estate and real estate markets for a year before investing; that you scanned the possibilities, chose what you considered the best opportunity, and went all in.  

If this moves forward I'm happy to be an open book case study. 

Then do everything you can to study that specific real estate niche and then start to partner of some deals to help you gain experience and confidence.  

Philly is a nice option, but you have to study the blocks for about a year to be sure you understand the area you are investing in.