But Patrice B is right in the fact that there are many factors going into an assessment of value like # of bedrooms, baths, sq ft, condition, age, location, etc.

I'm happy to start this new adventure in my life.

@Alex PerezYou can get a 30 year fixed interest rate loan on sub $50k properties, with conventional financing, as long as the properties are in livable condition.

Time on market, price reductions, condition etc can also be good indication of the sellers motivation or lack thereof.Rental demand is still high, so I think it is good to project future rents.

This way we could take a 30 year mortgage and pay it off much quicker (7-10 years or so).My main assumption here is that it is beneficial to pay the mortgage off as quickly as possible, as to reduce the effect of accruing interest over the life of the loan.

It is the fast track towards financial independence and freedom that can open up many opportunities and make your life much more fulfilling and rewarding.What I am talking about here is investing in real estate!

I have spent my entire adult life in the construction business.  

Tenants walk, it is a fact of life.

I'm writing out a rough draft of the email I'm sending to ask questions about the conditions of the property and keep it professional as possible...lol Thank you

The reason why I am asking: If they do these inspections in Philly, and I could get a copy of the report, then I would have a good idea of the condition of the building even before I go in.