It can work but requires some finesse. 

If market rents are $2400 it fits most lender requirements for cash flow.

•Work with portfolio lenders who only require a 20% down payment (you’ll leverage credit for this).

The tenant base is generally 95% single women with 2 to 5 kids and they flat destroy houses, Not on purpose  most of the time but if you have children all below 10 years old they are just brutual on houses even in the best of situations of which single parent with multiple baby daddys is not the best of circumstances.. full stop.I was thinking since I only have about $80k to invest it was the best bang for my buck, now that you say that it sounds like I'd maybe have to bite the bullet but really not sure how I can still get the same or better cashflow for the cash I have available.Also curious on your opinion of using Home Warranties, PM, Home Insurance, and Requiring Rental Insurance to mitigate some of those future issues

Although Philadelphia is only requiring you to get General Liabilty, I think you have a bigger exposure to Professional Liability (E&O) insurance. 

You must give notice before entering, but you do not require permission.Any time I expect a response from someone, I include a deadline for their response and a consequence if they fail.

It doesn't mention requiring paper receipts at all.

@Karl Kauper with a SF you can require the tenant to take care of lawn and snow, but they might not be up to your standards. 

I am glad because the permits and requirements would have much tougher.

Quote from @JD Martin: Quote from @John Underwood: Quote from @Collin Hays: Quote from @John Underwood: Require travel insurance that you can make a claim on?