You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc). 

I can tell you from experience the real challenge is the distance between the lots/homes.

Hey there,Does anyone here have experience in running a mid-term rental in Philadelphia?

I'm particularly passionate about passive incomeOutside of real estate, I enjoy being in my woodworking shop Excited to learn and connect with you all!

Regarding the Holding side of it - what is your experience when it comes to deeding a property to a holding company after close?

I'm ideally looking for someone with meaningful experience and success, impeccable integrity, professionalism, who's looking for an LP to fund additional projects. 

Hello @Andres Pepping from my experience from the HUD website and what im currently receiving from rent from section 8 is a $400 difference in a bad way.

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

She later leveraged her experience to teach others how to harness the potential of virtual assistants globally.One crucial lesson I learned was the importance of timing.

Thanks for sharing your experience and giving us a heads up