Once you close on your property:- You need to get a Phila tax IDhttps://www.phila.gov/services/payments-assistance-taxes/tax...- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.

Stephanie I recommend maybe looking to post this in the group on note investing as that is where many are active about those who invest in notesReal Estate Tax Lien & Note Investing Forum | BiggerPockets

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

Lower Property Taxes and a booming STR market.

And you do not technically have to replace debt. 

And it’s about to be very personal to you as the one who is going to be responsible for it, and maybe have a significant debt to pay back on it.The vast majority of business owners selling their business genuinely want to see it continue to succeed, even if it has no monetary impact on them.

It's effective interest is similar to Mezz-debt at current rates but a bit lower.   

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position. 

I have written this off as a bad debt, 15K + interest and fees!

Did I mention there is no property tax in Croatia ;) When you buy abroad, it’s not just a property that you are buying...you are buying into a lifestyle.