Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

It most definitely is gentrified and getting nicer and nicer.

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

Excited to socialize, share, and learn. 

Simple and powerful. 

@Jonathan Small Nice job on this find and completion.

I am looking at Carrollton ga to invest in long term rentals either SFH or small multifamily. Looking for input from anyone currently investing in that area

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

Turnovers and vacancy kill a rentals profitability.

I rely on the court decision and say no.