The purchase prices were 170k and 180k respectively and the budgets were 90k and 100k respectively and they could've gotten a better rate with a credit union, but a credit union will not supply the rehab funds - HML does.  3) The application would be taken in, project numbers would be held up to lender guidelines according to your exp and your credit. 

Louis]Single-family home building permits serve as a leading indicator of future housing supply trends.

The problem: Yes they will buy, but they will also sell, so it becomes a wash in terms of supply and demand. 

For both short- and mid-term investors, the market's diversity and relatively lower entry costs make it an attractive option.FYI - Philadelphia has a tenant-friendly legal environment, which can present certain challenges for landlords

•Challenges & Opportunities: What are some common challenges that investors face in this market, and are there any unique opportunities right now?

There is plenty of end user demand, but not enough housing supply or enough equity capital.

Challenges?

This is because so much new multi family supply has come online.

Challenges?

Challenges?