https://www.phila.gov/services/property-lots-housing/property-taxes/get-real-estate-tax-relief/get-the-homestead-exemption/

I want to know what your experience has been as far as these smaller lots being exempted from current code minimums.

Something you can do to start your 5 year plan would be to live in your Condo for 2 years so you can qualify for the $250k tax exemption (if single) $500k if married and then take those funds to either put a down payment on another property you could live in plus you would have some left over funds from the sale.

@Frank Patalano For me it was horrible credit, medical debt, and bills.

I wonder if tax's shot up because you lost your owner occ exemptions some state non owner occ tax's are 2X 3X higher than if you live in the property.. its one of those gothcas that happens in those states.

You can sell the coop and purchase any type of real estate you want.The rule for the primary residence exemption os that you have lived in it for 2 out of the 5 years prior to selling. 

The town treats it as a commercial lodging property so it's exempt from heavy-handed local STR restrictions.The sellers have been open for biz only part time in their retirement.  

Is there a specific town or suburb that would attract medical professional and/or professional tenants more than others?

I just get my lists fir free from the municipalities:- Most delinquent tax payers- Tax-exempt property owners- Tax-deeded previous owners still in the redemption period- Fire-damaged etc

I am in the medical field and want to dip my hands into real estate.