Not to worried about having a property manager and having less cash flow because from what I've observed from podcast and other investors is once the ball gets rolling it is a lot easier to keep going.

Nothing can compare walking the park and observing it yourself.

You give us permission to discuss our observations with real estate agents, owners, repair persons, or other interested parties.

I don't have such deep knowledge of Philly as this, but this outline certainly correlates with what I have observed.

In essence no, I have not observed what you mentioned but I do respect your opinion.

From my observations looks like his rent price is slightly above whats going in the area. 

When you say mot taken action yet was a good observant.  

I'm actually interested in this question too, so would like to hear others input...perhaps I dont know enough about this residential commercial space, but sofar dont know how a cap rate wouldn't be one important metric to consider (among others), especially if speaking with a lender.Just a 3rd party observation to the discussion. 

My experience (observing the markets and working at hospitals) taught me that you shouldn't let dreams of real estate success stop you from pursuing the things you want today.

It's a satirous and sarcastic observation about what pops up in the forums.