I like umbrella because there is no worry of being pierced for inadequate separation of finances, if sued you have a heavy weight in your corner who has all the consequences of a defeat, and because usually it is reasonably priced (mine today is not so reasonably priced but I believe it is mostly related to the risks of CA).I do understand that the probability of needing the umbrella policy is low.  

I qualify as a 2024 real estate professional if I can count my commute time to and from properties.

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

@Cameron Moore I knew I could count on you for a legit answer.

@Victor Yang When gifting a house, the FMV at the time of the gift counts toward your lifetime gift exemption (currently $13.92M per individual in 2025).

If it's net positive, then make sure to do it up to code, etc so the finished square space can count.

I’ll basically be counting on my tenants to pay on time everytime.

Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

So researching properties to buy doesn't count unless you actually buy something -- and this isn't Amazon where I'm randomly buying things on a weekly basis.  

Brewerytown and East Passyunk could also be worth exploring.Big projects like Bellwether can boost neighborhoods, but they often take time to show results, so don’t count on them as a main factor.