I'm sure many people will tell me how I HAVE to keep turning over intensively, etc. but that does not fit my needs or desired lifestyle.

The speakers at the event mainly consisted of Tim Bratz himself, but was accompanied by some amazingly intense and thorough presentations by his law team, open discussion panels with other members of his team and his operations staff.

The lower end of the spectrum you go, the more time intensive it becomes.

Some advantages of both:LTR Advantages- Typically more stable income- Less maintenance- Easier to self manage, or cheaper to hire a managerLTR Disadvantages- Typically less cashflow- Potential for costly evictions- Typically lower asset class/lower appreciationSTR Advantages- Typically good STR's are in a higher asset class than LTR's- People typically think the wear and tear in a STR is more, which can be true, but having staff inside with a checklist can catch small problems before they turn into larger more expenses- More flexibility if you want to sell you do not need to try to sell pre-loaded, can sell furnished whenever you want etc- Potential for owner use- Higher cash flow, typically.STR Disadvantages- Management intensive, more expensive management- Income instability- Subject to seasonalityI have both but prefer STR's. 

I had a high school basketball coach who wasn't easy to play for: he had the practices jerseys made with the term No Excuses on the chest.

It would just be way to intensive to keep commenting back n forth. 

Philly has some great sub-markets with varying ROI potential depending on what areas of the city you know best, how extensive of rehabs you are willing to do, and how intensely you are scouring for deals. 

So my current situation is:$480 a month for rent plus $60 in utilitiesI just analyzed a deal and am curious if this makes sense or if I am missing something:Here is the deal and the numbers:Offer would be $185,000, FHA Loan used with the welcome home IL program giving me a $5,000 to help with closing costs and down payment at 0% (for all intensive purposes lets just say that's tacked into the loan and un accounted for other than the all I will need to bring to closing is the $1,000)my mortgage would be 30 years at 4%My offer would include the below:5% seller contribution to closing costs and down payment (FHA allows for 6% of the purchase price, but if I am wrong please correct me)it is a 3 unit with 2 2beds and 1 3 bedcurrently the taxes are $3,100I guesstimated insurance around $1,550 (no clue seemed decent considering my experience)current rent from the two 2 beds is $1,100 and currently i live with two roommates who would move in with me to the 3 bed, (each of them currently pay $480 for rent and $60 for utilities) if I offered them $250 - $300 a month plus we split utilities for our unit 3 ways they would jump on that offer)if I guess that my total income will be about $1,600 a month and my expenses for PITI would be about $1,250with the above I am making money and saving my $480 but now when I take into account Vacancy / Cap Ex / repairs / prop management (even though I will be managing this) I am guessing I would be negative about $150 - $200 (income = $1,600, expenses around $1,750 - $1,800)Providing I live here for 3 - 5 years is this a deal worth considering?

Nashville is as hot as Denver.Yields are low and competition is intense.

The context is buying SFR for passive income, not rehab or any other intensive labor intensive approach.