Hey @Graham Huber here's a couple charts on Philadelphia compared to other nearby major cities.

Perhaps not a trend to consider across the city but any neighborhood that would attract college educated young professional families seems to be a good bet if you wanted to focus on this asset type.I plan to build 12 townhomes as a second phase of a condo/townhome project in a good area of Mount Airy near the Chestnut Hill boarder and even though I’m likely to years away from being ready to begin phase 2, my current plans are to keep the 12 homes as rentals for the precise reasons I outlined above.  

@Mark HafnerI've been investing internationally for many years but it's very difficult to answer the kind of questions you ask without writing a dissertation so I'd encourage you to ask more precise questions in the forum.

Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.

The level of detail and info that James had was off the charts.

I lived there until 2008 and it was always busy, but last year was off the charts.

I have followed some of your great advice you have shared on other threads as well as some chart on what to follow and read. thanks a 1000000 times. 

In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes (shown in blue in the chart below):And that’s a big deal.

I am considering same program but want to chart with you on your experience I will definitely appreciate your insight if it helped or not Sam

Precisely, and that's why I am frustrated, however, I am thinking long term here, the place is great, it will come with a tenant already and this will be a good stepping stone for myself into real estate investing.