In such a partnership, you would typically adopt a more passive role, contributing financially to the purchase and rehabilitation of properties, while your partner would be actively involved in sourcing deals and managing renovations or developments.Focusing on new development projects, especially residential ones with five or more units, could be a strategic move.

Raised private funds for the rehabilitation.

I've also looked into expanding into Philadelphia proper recently (lots of gentrification going on near Temple) so there are definitely possibilities in SJ and PHL itself.As far as turning around communities go, I'm mostly in this game for the money, but I think there's a lot to be said for my strategy... buy somewhat neglected properties from somewhat neglectful owners, do some rehabilitation and rent increase, treat tenants with respect (but be firm with rules/late fees) and that's sure to do a lot for the general health of a community.

“In particular, this sends a strong market signal that we are seeking to revitalize this area.”A revitalized communitySmith said within the 288-acre zone, the city will be able to put an enhanced focus on housing rehabilitation, code enforcement, and structural and environmental assessments, while also offering more construction incentives and potential façade grants to help remove blight.

The State Historic Preservation Offices and the National Park Service review the rehabilitation work to ensure that it complies with the Secretary’s Standards for Rehabilitation.

Increase funding for affordable housing programs such as the Low-Income Housing Tax Credit (LIHTC) and Community Development Block Grants (CDBG) to build and rehabilitate more units.2.

Our goals reflect rehabilitating distressed properties and flipping them or keeping as rentals depending on our gestalt and the numbers. 

From my experience, if this is a first-time fix and flip you may need to show reserves for the rehabilitation amount. 

Good morning BP,Quick question, I just finished the rehabilitation of my investment property in Jacksonville, FL and just put a tenant at the house, now we’re getting ready to do the refinance.

My advice is be conservative on what the value will be, liberal on any rehabilitation costs, and pull the trigger.