I would expect that to happen.. you eat the time but should not eat the cost of the fix. 

However, tenants have not been great, basically late on rent and/or leaving repairs that eat all profits.

Loans are not tithed on, since they are debt not increasse.So, if your field yields 10 ephod of wheat, one to God, one to Casear, 6 for eating through the year and 1 for planting the next harvest and 1/2 for buying a donkey and 1/2 for taking the Mrs. to town for falafel & figs. 

Have I crossed over to an unhealthy obsession??? 

Philadelphia can be a very profitable market but it’s also a city that can eat investors alive who rely on bad advice.

Next Purchase with HELOC: Using your HELOC for the next project is a good strategy, but ensure the interest rate won’t eat into your profits.

And its only got 2 bedrooms and 1300 sq ft whereas 3 bedrooms from 1300 to 1600 sq ft tends to be the sweet spot for families.I'd knock it down to 1650 to get down to where quite a few sfh's with 3 bedrooms are listed at out there and eat the 200/mo.   

I was trying to provide my honest impression of the program and in doing so, wanted to be clear and thorough.If I like a movie or a new place to eat, I'll typically share my impression if asked.

However, I also hear that they have varying fees across the board that can eat into the seller's take-home.

By poor condition I mean, unhealthy, dying, rotting, infested, damaged, etc not just ugly or unkempt.