@Basit Siddiqi is exactly right that Philadelphia / NJ has some unique reporting headaches that are often screwed up, so whoever you work with, gauge their experience working in numerous jurisdictions, or their teams access to those subject matter experts.Those in the construction world and rental world open themselves up to some substantial opportunities from a tax planning perspective, but also need to be sure they thread the needle carefully on the real estate professional rules to actually qualify for them.

Always screen or vex your tenants, check their references and make sure they have a good job.

Is anyone still finding BRRRR opportunities in B-/B neighborhoods? 

I'd love your guys number, it's a large job.

They are more concerned with closing out issues than they are with getting multiple bids to get the best contractor for the job.

The facility is underperforming and it should be a good opportunity to buy it while the price is "low" (asking $40 million, with a solar farm that is currently being installed) before the "Silver Tsunami" hits over the next few years.  

I also feel we have done a 5 star job but if something fails, I would rather have a warranty in place for the owners . . 

@Bradley Sriro this is a great opportunity and thank you for sharing your knowledge.

I visited Cincinnati recently to identify the opportunities and see the neighborhoods up close for a weekend.

By leveraging the expertise and network of established professionals, you can condense time to accelerate your learning curve and access more lucrative opportunities.