You’re getting AT LEAST 20-30% off the appraised values and the seller’s terms are better than a bank, you carefully proceed.

He then proceeded to tell me that while he appreciated my expertise, he would NEVER borrow from me because my rates were 1/2 point to 1 point higher than competitors.  

I am out of options on how to proceed.

If you identify more than one property but want to only purchase one of them then you can identify that as such on your 45 day list and  have all of your proceeds sent to the closing of the purchase. 

Ultimately it’s personal preference but if you choose to proceed without permits you should at least use trades who have the ability to obtain permits in Philadelphia.

The landlord can then proceed with the eviction process in court if the tenant does not remit payment.

I agree that it will be a more explicit part of the negotiations...but the commission has actually come out of the seller's proceeds, which lowers their net.  

After paying the tax, you can transfer the proceeds to your partner. 

In other words, if you bought it for $1MM in 2021 and selling for $1.5MM now, you have no taxes and can do whatever you want with the proceeds.

Should I proceed with investing heavily in these locations?