Fast-forward one month to today, I still have heard no word from Philadelphia L&I (even after calling/e-mailing) and I'm ready to start renting it out, but one problem:"The Philadelphia Property Maintenance Code (Section PM-102.6.4) requires an owner offering residential property for rent to provide the following to the tenant at the inception of each tenancy:A Certificate of Rental Suitability issued by the Department of Licenses and Inspections no more than sixty (60) days prior to the inception of the tenancy.A copy of the “City of Philadelphia Partners for Good Housing” brochure issued by the Department of Licenses and Inspections....."

No more partial payments.

I think I will pay them no more than $5000 per tax year.

That's a disaster waiting to happen.Unicorns are cute and all, but being a unicorn hunter is not a good career path.Now go, my child, and sin against the market no more. 

@David VaughnIn general I agree with what you have said however I have had this happen......house sitting for 6 mo, make an offer at asking, be told there is a new interested party, not adjust my offer because I think they are blowing smoke, loose the deal because there was another offer.I think it is common place for agents or wholesalers to re engage tire kickers when they get an offer.At the end of the day I tend to offer what I am willing to pay no more no less.

Was thinking of getting an FHA and putting 3.5% down on a 2-4 unit property no more than $250K and house hack. 

No more than 25% down upfront. 

No more, please no more.....I feel sick like when you have eaten too much chocolate cake....

They are of course trying any way possible to not pay....And yeah, this should be no more than a 'counter permit' at worst...

@Tom JordanHere's a start: 1. start a buyer's list (or use existing from company)2. various forums3. daisy chain with a wholesaler to tap into their buyers4. reach out to brokers who sold similar property in the greater area5. reach out to owners who have similar property in the area (particularly recent buyers)If the commercial space is < the residential space and there is no more than 4 units total, this could be a good option for an FHA/conventional buyer.