Has anyone here considered investing in real estate in Reading, PA? If so, I would appreciate hearing your thoughts and experiences regarding the local market, investment opportunities, and overall outlook for the area

As others noted, you are likely limited in what you can legally do anyways, so you won't be saving a ton, and depending on how you value your time, it will likely be cheaper to higher professionals to do it anyways.

Yes but depending on the loan type they may want to understand what that payment is.

Check on VRBO and Airbnb.

I'll find the podcast and post it on this thread when I find it.

@Von Wilson you could ask the developer next door to partner with you and have them build on your property.  

Hello, I'm in the process of purchasing a single-tenant commercial building, and I'm looking for recommendations on property management software.

Like Michael mentioned if you are just reporting on schedule E/C on your personal return- a balance sheet isn't required; so full double entry software isn't required (but still helps). 

There are a lot of nuances to how this is set up, and you will take some amount of a discount on the value of your note(s) when selling, but you could sell some or all of the note(s) within 6 months to a year to convert them to cash.

While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.