A lot of clients ask me how much I spend on a typically full cosmetic rehab of a duplex unit in Philly.

How SB-423 Accelerates Coastal Development: // Faster Permitting ·For projects with 150 units or fewer: - Eligibility Review deadline: 60 days from submittal - Approval deadline, including Design Review: 90 days from submittal · For projects with more than 150 units: - Eligibility Review deadline: 90 days from submittal - Approval deadline, including Design Review: 180 days from submittal · No public hearings or environmental impact reports for qualifying projects // Smarter Development Rules · Excludes high-risk areas, like those prone to sea-level rise · Ensures projects meet affordability and public investment requirements // More Housing, Less Uncertainty · Projects stay approved if at least 50% of units are affordable and include public investment beyond tax credits · Opens up new opportunities in previously restricted areas · Clearer guidelines help developers plan with confidence

You state the numerator is “units in the area” but that sounds like existing units, which is what’s calculated in Step 2.

Since acquiring a four-unit property on the Northwest side, my bi-monthly bill has typically been around $500.

This month's Units magazine from the National Apartment Association has a good piece on fraud detection.  

I get what they are trying to do here, preserve 2-4 unit properties and discourage deconverting to SFH. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

We remedied the situaiton by installing 1 mini-split on the lower level.At another ranch house with boiler heat, which the previous owner had updated with a newer high efficiency unit shortly before our purchase, we added central air with the entire unit and all the ductwork in the attic. 

We live in 1 unit and are considering the pros / cons of making the other 2 units either short-term rentals or long-term rentals.

Please feel free to utilize me as a resource if you want to run through a deal or discuss any of the national or local wholesalers out there.