Of course, that could be offset as he works to reduce inflation.

(eg, if your lot is not the standard 25 x 125, but some other multiple where the width is actually skinnier than 25, and the lenghth is longer than 125, and you want to reduce side setback requirements, eg.) 

MTR attracts a lot of traveling medical professionals and WFH individuals who need a quiet space during the day, which may not be compatible with families living in the attached LTR.

If I were to reduce or take out the vacancy, the 2 would cashflow.

If the market is tough, I reduce the rent rate over the full 12-month term.

In Philadelphia the fundamentals are strong: leading industries/employers are in the Education and Medical fields which are known to be stable, proximity to NYC and DC, national airport, port city, affordability compared to mid-atlantic predecessors.

Learnt lesson not to fully depend on property manager and should have made decision faster by reducing rent .

I guess they have more land to build there so it might reduce the appreciation there?

NL is close to both 290 and the Pink Line, and close to the Medical District, great for medical staff and possibly traveling nurses.

85LTV ask on a LTR rental is a tough ask, when adding an STR factor, nearly every lender will reduce max leverage by 5%.