Please continue sharing your stories.I'm curious what neighborhoods in Philly you have rental property in and what great neighborhoods/zip would you recommend for rental properties. 

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We have honed in on a great property with tons on potential here in Richmond, VA.

Foreclosures force the owner to sell because missed payments, probate forces heirs to sell a family members home, liens ultimately force a person to sell there homes to pay what they owe in tax/fines etc.

As a PM, I'm authorized to make emergency repairs without owner permission.

Many states have discounted property taxes and lower yearly increases for owner occupied properties.

We now invest in the Detroit market place where we have established a great team on the ground and are finding properties with great numbers.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

Or talked to owners of an existing one that looks like it is from the 90s to see if they would like to sell?