On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

If regulations in your market allow it, a combination of MTR/STR strategy often works since there can be a lot of similarities.

There is one that is regulation single piece slate size for pickup.

Under current tax law and regulations, the tangible property can be depreciated up-front.

As we discussed, the next procedural steps would be to get a pre-approval from one of our recommended lenders, then we can work together to identify some specific properties that fit your investment criteria and get you started! 

Philly is still a bit mysterious to me given the rental licensing and learning the ins and outs of city regulations.

If there is no answer after this, it may be worth contacting a lawyer or real estate professional to find out about the legal procedures for raising rent in your area.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

The process included one eviction, a procedure RCA is well versed in, taking roughly 2.5 months in Connecticut.The value-add process resulted in a ~60% increase in NOI from ~$74K at purchase to ~$118K on a run-rate basis after 7 months.

You may be able to find deals in areas that aren’t doing well, but if you can’t dispo them it won’t matterDiverse Pool of BuyersYou’ll mainly be selling to investors, but having a diverse buyer pool gives you more options in terms of exit strategyRegulatory Environment Low regulatory markets can help keep things simpleKeep in mind that regulations change quickly in many areas, so it's important to keep and eye on your markets for changeThings to consider; rules regarding holding a license as a wholesaler, probate laws/processes, STR rules, etcStrong Rental MarketThink from the end buyers POV.