They are extremely knowledgeable regarding any moratoriums restrictions, they know the statutes, know many of the judges and courts.

@Coua Lee I have extremely low vacancies (none at the moment) because demand is high right now and as long as you’re asking a reasonable rent, you should be able to fill units very quickly.

In agreeance with @Sheryl Sitman Philly as a whole is extremely block by block and your ARV values can change dramatically within a block radius.

Considering the complexity of the structures themselves plus the added complexities of transport/assembly at remote locations, I thought the costs were extremely reasonable.

This will be my first real estate investment and I'm extremely excited.

Getting the loan from this non-profit was also extremely painful although the terms area fantastic.

Usually the typical "marketing" strategies that "everyone" uses has an extremely low chance of success.

Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.

Seeing the process of a rehab from start to finish, time/contractor management, will be extremely beneficial down the road for when you are able to do the project on your own.

I don't know you're living situation but it's extremely cheap or you're living with the family.