Which is completely fine with us.We are doing the leg work and daily management of the rental.This is being used as a Sober Living House.

Also, when I say flipping properties I don't mean fixer-uppers in the US.

Actually, your parents had a leg up in the fact they did not try to show off wealth which gave them an opportunity to build it. 

You need to have a stiffer upper lip my friend.I think you are missing the point, my friend.

The way I made house hacking work in a HCOL area (New York) was buy a fixer upper multiunit.

And for sure as someone who has fincanced well over 3000 mid west fixer uppers over the last 24 years. 

Leave the ugly cabinets (or just paint them), leave a roof thats on its last leg and maybe has 4 or 5 years tops with repairs if that.My goal was to take down houses and by doing that, I was able to grow faster and offer more so I could get more. 

(Of course not every part of the suburb - but just generalizing)Doesn't mean there aren't solid spots in Philly to invest in like: Upper NE Phila and part of NW Phila.

Luxury apartments in Manhattan and Brooklyn offer unparalleled views of the city, and penthouses in neighborhoods like Tribeca, Upper East Side, and SoHo are highly sought after.

Low, middle or upper income?