And they have zero skin in the game.

It sounds great on the surface: use a 0% APR intro offer on a credit card and then pay it off when you sell/refinance the property.

Your thought process on the contractor providing quotes to possibly "win" a job may seem correct on surface level as a lot of businesses offer "free-mium" products - but ultimately time is money, especially in real estate where good contractors are in high demand and could better spend their time finishing a project before accepting the next one. 

Obviously this is an overall average but on the surface these numbers describe a typical West Philly, Olney/Ogontz, or cleaner North Philly deal, which from my experience make up a majority of the inventory available around that price point.What are everyone's thoughts on the health of the Philly market?

It has surfaced in the annual rents and vacation rentals.

A PMC, has to deal with whatever you buy on a daily basis, so they have the most "skin in the game" with you.PM us if you're interested in the Detroit market.

You'll want to test the paint surfaces for lead.  

Lenders will require you to have some skin in the game.

At the surface level, it does appear that you would have to pay capital gains tax on the profit.

If that is the case, many lenders will require for you to have some skin in the game.