@Sean McKeeThat's a good price on a 2-flat for Berwyn and I'm guessing the property needs some work.Typical Berwyn rents for the units you have described (at market levels) usually range from $1200-$1400.

The ad just had a description of the job that needed to be done and said to send an email describing yourself and the type of work you can do.

Over the years I have had great success turning properties like the one you are describing into luxury lofts part of the second floor unit. 

No different than all the RE agents who put "great cashflowing property" describing a $500k house that rents for $2500 a month. 

That describes many people in education. 

It sounds like what you're describing is a landlord policy as opposed to builder's risk or vacant dwelling policy: https://www.allstate.com/resources/landlord-insurance/what-i...

We've discovered fraud as you've described above in similar cases!

Obviously this is an overall average but on the surface these numbers describe a typical West Philly, Olney/Ogontz, or cleaner North Philly deal, which from my experience make up a majority of the inventory available around that price point.What are everyone's thoughts on the health of the Philly market?

To me what you have described is very casual and all that probably ends very soon, like August 17th or before.

Then you can do your real estate investing directly from the new self-directed inherited IRA.One thing to watch out for with self directed inherited IRAs, is that you will be required to take minimum distributions from both inherited IRAs described above now, based on your life expectancy.