We are buying the house with cash, no contingencies under a LLC name.

Great for realtors who should be calling all of their old leads with the good news of todays Fed rate cut.As rates continue to fall this is the time to ask for "Seller Credits" and think about using that credit towards buying the rate down.

This could signal rising property values or gentrification, making it a prime area for investment.Find Distressed Properties:Permits for repairs or code violations can signal properties needing significant work.

I do house hacking, fix/flip, buy & hold, and mid-term rentals.

Investment Info:Large multi-family (5+ units) buy & hold investment.

@Pete TarinIf you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy a Class D property in a Class A area, what type of tenant will you get?

It will just be more of an explicit part of the price negotiation when buying a property.

As a Philly agent, would you advise your clients against buying such properties?

There are things I didn't mention such as process of buying land, negotiating the lease, insurance.

And I would require the contract to state the the furnishings would all belong to me if they ended up being short on rent and I had to go after them.To me, many of the people that do this tend to do it because they don't have the money to buy the units themselves.