Hi Stetson: I have just sent you a message.

@Diane Perry is right, it's a cumbersome statute but the first thing you must do is have a qualified intermediary in place before your sale. 

I'm a conservative investor.

Do you see a big increase in value after holding it for that short of a period?

I have 21 units and have recently formed a Series LLC for all 21 units.

-typically an agent and a PM will not oversee a major rehab. 

Not that that means anything good or bad :-) But if you want high quality genuine coaching about investing in Philly and at a reasonable rate, I can  connect you with a wonderfully savvy, professional investor who does coaching.

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

Usually I lean toward buy and hold but that would be a great profit margin on a flip. 

Mat - Congrats on having a baby!