If the rental market is not favorable, you’ll likely see less investor activity and therefore less potential buyersAvailability of Data and ResourcesAccess to market data and networking resources can be a huge benefitConsider things like; access to county/court data, is it a non disclosure state, etcCommunity and Economic Trends Understanding local trends/issues can provide crucial insight into your target marketYou can operate virtually, but it’s still important to develop expertise in your target market*** Good market selection is not a guarantee of success.

Someone I know owns section 8 properties, he doesn’t have any issues and the rent gets deposited directly to his account.

However, there are issues that arose in which we may need to sell immediately due to possible developments going in which could damage the homes value. 

Hi Mitchell,From our experience we haven't had any issues renting out properties to different residents that have a single family home and a garage unit conversion on the property.

I would then sublease the property to a new tenant for $4,300.I would take care of all repairs and any tenant related issues.

Seems like it’s one of those item where if you don’t spend real money (well over $1K) then there are issues with warping.

You can guess based on last year and add or subtract any changes, but that too comes with issues.

2- Let's say, I buy a second mortgage and lis pendens has already been issued for the first mortgage and an auction date has already been set for it.

In addition, there is a separate issue if you lost your principal investment.

I would also join local FB groups and meetups to learn specific issues that folks in Philly deal with.