I would suggest to connect to other local investors as much as possible to network, educate yourself, make connections with title companies, contractors, wholesalers, hard money lenders etc, those will prove vital to your success.

Getting the debt service covered is vital each month.  

Under-leveraging is detrimental to investment returns, but over-leveraging puts us at risk.Before I offer a few thoughts, let me point out that you've missed one vital piece of perspective in asking the question.

It's vitally important to know who you are working with, and have the history of the players involved.

**Roof Repairs/Replacement**: Ensuring the integrity of the building's roof is vital for tenant comfort and property value.2.

Tells you who they are in regards to financial habits. 

If it is somewhat habitable and you can live in it for a year, you can get primary residence financing. 

Moreover, lenders often mandate reserves to ensure the borrower can meet ongoing financial obligations.Selecting viable investment properties is another vital aspect of the process.

Anything shady could become a habit, and potentially land you in trouble.  

With meticulous attention to detail and a passion for excellence, we strive to create homes that not only enhance property values but also contribute to the vitality and character of Philadelphia's neighborhoods.