If your rental rate is below the market anyway, a Tenant might consider this to be win as they would get the lower rate in the beginning and just rise to the level they were looking at everywhere else.Step clauses can be written right into the lease, or created by using 3 month lease terms with an auto-renewal at the step up rental rate price. 

I know I already mentioned this, but @Mordy Chaimovitz...If you can get by with lower cash flow and invest for the long-term generational wealth (aka appreciation) in nice neighborhoods, that is the way to go, but it's tough to get by at times -- at least it is for me.Just know everyone's situation is different, and you should do what is best for your specific circumstances!

I have closed three loans with The Mortgage Shop.

Have a lower priced course to get people in the door.

All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

Some PMC's will charge a lower percentage fee, but will charge it whether tenant paying or not.

All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

Definitely no way to do a full gut rehab or close to that for $50k today.

These neighborhoods seem to fit my goals, especially with their lower crime rates and potential for growth.Do you think these are solid options, or would you recommend other neighborhoods in the Philadelphia area based on the price range and focus on appreciation?

The most you are allowed to raise rents on a year over year basis is 10% or 5%+CPI which ever is lower.