Comps were going for around $275 sq/ft in this neighborhood of Dallas, and there was a big yard, so I could add on about 1500sqft.

We are in the San Elijo neighborhood, just down the round from the university.

You can walk the neighborhoods you want to buy in.

That's a lot of work to make a couple grand, but it beats losing money (believe me).All good questions here -- what is the neighborhood like? 

We have a property manager lined up that we are bouncing any prospective properties off of, this is helping us avoid those properties that the wholesaler says "This is in a great neighborhood" but it's not in a great neighborhood.

Take away buying costs of 5pct plus title insurance etc (about 6-7k)Take away holding costs of 3kTake away selling costs of 11kTake away minimum profit of 15kMax offer 93kProperty is in a great neighborhood and LOOKS like its a paint/carpet rehab from the pics However, roof is 20 years old, ac condenser is 20 years old.  

Two Organizations if you are buying in Philadelphia that a must join;Diversified Investors Group (This REIA is connected to the Greater Philadelphia Market and has 5 Sub Group Meetings in Philadelphia Alone)HAPCO - Philadelphia's Landlord Association Advocate - Landlord Eviction Program, Education and Sourcing where to go and how to do in Philadelphia Landlording.CDC's,  RCO's & or Neighborhood Associations - It is no longer by Zip Code sourcing deals in Philadelphia anymore it is by neighborhood designation.

B would be more of your working-class neighborhoods and usually make good rental properties.

The minimum price of a home I’ve found on Zillow in the same neighborhood is 16990 and the median price of homes of the same style in the same neighborhood is 225000.

The minimum price of a home I’ve found on Zillow in the same neighborhood is 16990 and the median price of homes of the same style in the same neighborhood is 225000.