Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

Are there any specific areas that are reasonably priced compared to the cities? 

And do you have a certain price range in mind and I assume you're good with up to a moderate level of rehab?

You can still get cashflowing 4 units there though which sell mostly to investors, its just the sf and 2 units that have gone crazy on price recently.

I priced an off-grid home when there were none sold in over six years.

This year is slower than normal because mortgage rates and home prices are so high.

I suspect there's lots of inventory, particularly for new folks coming into the area that find the real estate prices are much better than where they came from.Do you have a type of house you like to target?

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

The wall street journal published a piece suggesting home prices are overprice and will likely fall. 

No matter whether you are looking at commercial or residential property, the deals that “pencil out” at OFFERING price are few and far between these days.