There are a couple of ways to look at this.You net $2800/month if you keep it or get $400K tax free today.

If the purchase price is $400K, you can write the offer so that the net amount to the seller is $398K.Lastly, if you believe there is opportunity in your local market, educate the BP community!

I deal with all the paperwork and the negative side like chasing unpaid rent and such but my property manager is amazing and deals with the day to day inspections, fixes, tours and most the communication.

What resources are best for managing my day to day & week to week, etc.  

If its important for you educate everyone on forum etiquette, have at it sir. 

Perhaps not a trend to consider across the city but any neighborhood that would attract college educated young professional families seems to be a good bet if you wanted to focus on this asset type.I plan to build 12 townhomes as a second phase of a condo/townhome project in a good area of Mount Airy near the Chestnut Hill boarder and even though I’m likely to years away from being ready to begin phase 2, my current plans are to keep the 12 homes as rentals for the precise reasons I outlined above.  

Consider maybe doing a HELOC instead if you're looking for other deals to buy - this will let you keep the house and the current very low interest rate compared to today's rates but also free up working capital to apply elsewhere.

For example, you incur a $1,000 healthcare bill today and pay out of pocket.

Educate yourself on what a good deal looks like and how to structure the capital stack.2.

We are considering long term holds using the BRRRR method focusing on marekts that will be likely to appreciate to reach this goal but have also heard a flip in today's environment may be a better place to start.