I wouldn't recommend this as a starting strategy for anybody.Market Auction: There's probably a better term for this but anyone who owns a property can sell it via an auction.

Just get really good insurance is my recommendation.

In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple. 

Some folks have already given good advice, and I want to add a quick tip for how to get data on potential STR properties.

What would you recommend for someone just starting out?

HI @Paige GardnerI can send you HML recommendations and wholesalers. 

(ii) Can anyone recommend an agent in the Philadelphia area who specializes in apartment buildings? 

Pro tip - Home Depot has a tile from Ivy Hill that looks exactly like Zellige for a fraction of the cost.

I’d love any recommendations you might have.Looking forward to your insights, and thanks again! 

Quote from @Michael Smythe: Would only recommend on a Class A property in a city with major housing shortage.Then you are likely to get solid white-collar tenants that understand the living arrangement.Otherwise, you'll get transient type tenants that will be nothing but trouble.This was what I was concerned about.