Hey @Graham Huber here's a couple charts on Philadelphia compared to other nearby major cities.

This can be useful if you want to keep growing your portfolio without being limited by personal DTI or income requirements.That said, here are a couple of things to keep in mind:DSCR Loan Terms: These loans often have higher interest rates and different terms compared to conventional mortgages, so it's important to assess whether the potential benefits of restructuring the loan through your LLC outweigh the cost of refinancing.Asset Protection Plan: Even if you refinance into a DSCR loan, make sure to have a solid estate plan in place.

I was heavily involved in the renovation and am relatively familiar with the construction side.Our plan is to hold this property for long term and then wait for a couple of years to add more to the portfolio. 

A couple of others here said something similar.  

If not, buying something random and making one trip there for the inspection isn't going to cut it, and will not protect you from buying a bad deal.Can you pick a market within a couple hours of you instead?  

To go even further, real estate agents usually have a large network of trusted lenders they have worked with in the past, and can refer you a couple to start with.I know a couple great ones if you would be interested in speaking with them, and maybe we can get together based on how those conversations go.Look forward to hearing from you and have a great week.

-We are closing on a primary residence in a couple of weeks that has a cottage on it that we will begin short/mid term renting upon close. 

After the first couple of months, tenants often stop paying their portion.

I haven’t found the 1% rule in my area for the last couple years.

As a starter I think the regional/drive to leisure market would be an area for me to start, where folks can drive within a couple of hours and still get a vacation.