Reading Vanessa Peters book “the busy professionals guide to passive real estate investing” and in it she has a chart showing initial investment of 100k, 8% preferred return, 20% cash on cash return including sale of property, and 5 year hold.Each year she shows $8k return (years 1-4) then a $168k return in year 5 including the return of equity.

The PM is very capable and have suggested different ways to improve the amenity to attract more customers and raise the price.

Have a conversation with a CPA to see if you will benefit from the cost segregation before getting it done.

You really do have to prove them you are the real deal.

Most of the time, it should take 30 days or less if the property is properly renovated, marketed and priced.

@Ken Kast  Focus on the viability of STR's in Northern Grays Ferry not STR's in Philadelphia more generally.

It's in the ballpark of 71%.

I almost had enough music credits to add on the music minor, but did that all too late.

I did the NC property out of state and was not happy about the returns so future ones will be in my backyard only.  

What are you estimating the value, $450k?