If you ever get the chance to produce for them you might have a customer for life. 

I completely agree that $145/month is very low and while that's attractive to a buyer, it's only attractive until a special assessment hits.By the way, if you or anybody in the association has been able to get FHA financing recently, the delinquencies aren't that bad.  

Theoretically you should be able to use any title company but often times local to the property can produce better results. 

I'll say my gut would lead me to guess one of two things:-Its a very depressed area and this is a tax credit complex (or similar subsidy) where the rents are fixed at a % of Area Median Income (AMI) rather than open market rents-Its such a crappy area that you're only able to attract the lowest of the low income folks: not anyone with a voucher, but the folks on straight SSI (no SSDI) for a reasonable proportion of their income. 

I've lurked minimally, but have read some of the material produced by BP beginners. 

I don't believe there is enough turnover in the neighborhood to attract renters above a storefront.Below is a link to an article that talks about the future of Lower North Philadelphia.Also @Steven Rasovsky, if you are not set on staying in proximity to Center City Philadelphia, take a look in the Germantown/ Mt.

First Bank will lend on Trailer parks if they are currently producing income.

The idea behind doing the flip is to raise capital to buy another rental instead of waiting for my current rental inventory to produce enough capital to purchase the next property.  

That's far too low to get an attractive rate of return on your invested capital.  

How does this affect the amount of potential rent, and is it ever a good idea to build a garage to attract tenants with decent cars.