@Travis OglesbyGet an attorney to write up the agreement between people whose it as it will list maintenance requirements, putting money aside for repairs etc and who does what.You will need to get everyone to agree as well.

The last thing you want to do is push something in and get it declined due to an unforeseen guideline.

Here are some common structures and terms that have worked well for both private lenders and borrowers in real estate, particularly for those focusing on single-family homes (SFH) and multifamily (MF) properties like you're considering in Philly’s B Class areas.1.

I'm an agent as well and that's how I make most of my income- I have plenty of clients who want to self manage, and I help them do that as well.

To save on costs they can't pay their staff nearly as well, leading to good employees leaving for better opportunities in the for-profit space. 

Im also a veteran where I have access to the home loan as well.

(Along the way, we hopefully educate the community as well.)

I am ordering this book and any other suggestions on books as well.

I have this tenant who has been staying on the property for last 8 years.

I am all ears to what everyone has to say I am ready to absorb knowledge from everyone who is well seasoned.