So even without the new lead law, when you renew your rental license (like I am about to do), you have this bit of text that pops up and you agree to:"If you have answered YES to Question 1 and NO to Question 2, you must comply with the disclosure requirements set forth in Philadelphia Code Section 6-803 if your property becomes occupied by a child aged 6 or under during the next 12 months."

Couple maintenance things have popped up, but overall it's been great.

Feel free to give a shout out to your favorite mom & pop shop!!

@Sasha Josephs i have been long distance landlording for quite a while now. rehabbing outside of my local area was a breeze to be honest. i have a team i can trust and i just made phone calls and checked on progress when necessary. if i was in the area, i would be there swinging a hammer until 3am everyday. for me, i am better off far away. i have not done any local rehabs. i flew back to the area once, maybe twice, to check on things. i did not fly back to just check on things though. the trip was always for other reasons and i just popped by because i was in the area. if you do not trust your contractor while you are away, that is your first problem. nowadays, we can send pictures and videos very easily. that is all that i need. 

Do better deals pop up on MLS a lot?

I just figure with it being old and getting some love it would pop up a decent amount.

When a tenant can't pay rent on their own and relies on Section 8, mom, or their elderly uncle, that's a red flag that other issues will pop up.

@Leslie Eason, talk to other experienced investors around you. if you do a conventional mortgage, you will need 25%-30% down and also want to have reserves for the repairs that always pop up at inconvenient times. 

You'll still see a decent pop. 

I personally think CA is going to pop, that's why I left years ago.Good luck.