Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

My wife and I used to do flips in this area, and I have a couple listings along with long term rentals I manage in the area..For the co-host, they typically do not handle permitting and other items like that (this can be agreed upon between you and the co-host.

Challenges?

Let them handle the neighbors, cleaners, etc.

Challenges?

as @Noel Challenger mentioned ?

Challenges?

But in total hold a significant amount of money, 40ishk.What would you do or how to handle?

From what I see there was such a rush to build new in FLA market or many of the FLA markets builder took on WAAAY more than they could handle instead of saying NO I dont have the sub trades ..

My heartburn is mostly around how to handle the tenant situation.