They are running the water in the house and the house is insulated, so the actual temp in the house will be above freezing.

get an umbrella policy to protect yourself, see if you need a rental license in your municipality. an LLC is only for insulating you for liability and anonymity, it will not save you on taxes and you really dont need to worry about it with one property imo . you cant protect a single property from lawsuit, insurance is what covers you just make sure you’re up to code. insurance will always look for a way to get out of covering an incident.if you register, you’ll want to report the income. if you make less than expected after deducting costs, then it’s time to raise rent. you wont be able to reduce more to reduce other income streams since you're not a full time real estate investorin the future if you ever sell, because it’s a rental now you will owe capital gains on the property. philly is probably like ohio and not california with it’s YoY growth being tied to inflation. with that said your profit is mainly going to be the equity you build from your tenant paying your mortgage. the money earned monthly should be saved as youre doing in case you have a capex repair/replacement come in like HVAC, roofing, etci advise you pay for an hour to speak to a CPA to better your options.good luck

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

Do you know if that is true with a raised foundation packed with R-30 insulation?

Make sure to address the condensation problem by insulating the walls or installing a dehumidifier.Good luck with it!

And while, to a degree those assets compete, they offer a different style of living, and thus are relatively insulated from volatility in apartment supply.

For thickness of insulation reasons, 2x6 studs against the outside wall would be best, or 2x4 studs and spray foam insulation (R=19 or 21) (R=13 in a 2x4 stud would be OK.)

Has anyone else solved this issue by using some sort of insulation you can put between the joists in the ceiling to minimize the footstep/moving around noises you inevitably hear daily? 

For 2018, you determine your basis for your rental house to depreciate it over the next 27.5 years by taking the lesser of the completed current appraised value (adjusted by building:land ratio) OR the cost of purchase, plus mortgage interest, home insurance, PMI, RE taxes, utilities, new roof, electrical/plumbing, appliances, drywall and their labor cost, insulation, doors/paint/trim, lawn service, and tool rentals, basically EVERYTHING I've spent up to the in service point, adjusted by building:land ratio. 

We learned fairly quickly that a home this age comes with a lot of liabilities, being badly insulated, more prone to animal infestations (palmetto bugs, bats, squirrels, etc).