“The effective premium that tenants pay through late fees is a systematic penalty that the lightly regulated rental market inflicts on those who are economically fragile, not dissimilar from the interest rate penalties that subprime lenders inflict on those with previous credit challenges.”I love this.

Philly is at the lower end there, at 1.4% of value, but you also do have higher transfer taxes there, more rental regulations, and more tenant-friendly laws & courts.

Investing overseas seems a bit daunting, but like you mentioned,  it could be easier to find a great deal due to less competition -  you just know about the different rules and regulations of that geography.

I would also highly encourage checking into the regulations of the municipality and of the condo association/HOA where you'll be renting this.

Ten years seems like a long time to hold onto a property just to have an affordable place to live in today's environment when you have so many reasons to sell and operate your REI.

LOLGreg title co and title insurers are heavily regulated.. you think they are going to risk their licenses to get a 50 dollar kick back.. 

Which changes the approach significantly.Also, any tenant management situation takes knowledge and experience... which can easily be learned in a single family environment. 

@Gretl Anne Fortuna There is no regulation on “house sharing”.

We want to make sure we're meeting the needs of real estate investors in this changing environment, and hearing from you will help us a ton. https://www.surveymonkey.com/r...Thanks! 

I can't do that in the current environment so my whole execution is on hold unless I can come up with a (relatively) safe generic estimate calculation.