I'm pretty sure that's why the shop down the street also hired a manager to sell their tee shirts. 

With real estate, you have to make sure each property is functioning at full capacity or you’ll be losing money.You can analyze properties and be pretty sure (as long as you don't rationalize bad deals into good ones) what your numbers will be. 

Some can actually be pretty cheap.

Sounds like a pretty cool property, good luck!

I have an STR in Niagara Falls and it does pretty well based on the purchase price. 

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

Oxon Hill is pretty rough in parts, some parts are ok though.

I have a pretty large emergency fund in place for those properties, but I wonder if that capital could be better employed elsewhere (potentially acquire another property).  

She immigrated from Serbia, so maybe that is a cultural difference, but my wife was pretty floored.