Median sale prices for Melrose (single family homes) in the last 3 years are as follows:2024 (year to date): $590,0002023:     -->              $535,0002022:     -->              $502,500With interest rates expected to drop several times from the end of '24 into '25, many believe that property values will continue to rise.If you are concerned about tenants not paying, I'd recommend:- Do not rush into accepting a tenant.

That’s why I haven’t dealt with residential owner occupied property in the last 15 years, and stick to commercial.   

I mailed my application last week and am now waiting for the results.

I get where y'all are coming from in terms of "be happy you've had a long, stable tenant," and yet I want to point out they have greatly benefited from being in the building this long as well.  

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

The market really tightened up in the last 3 years where they were better options. 

Well sure it could be a refrigerator or other improvements that maybe you were going to do anyway, but that's not the only option.

I've been practicing real estate for the last 4 years plus I'm also based out in Philly.

I believe the insurance is for issues that are NOT known at the time of sale. well without reading all the exclusions no way to really know.. you excluded something that was known.. this HOA is after the fact and was not known at least the way I read it..

Maybe my expectations are too high due to the quality of my property manager.Do you agree that a PM should be proactively pointing out future maintenance issues, or am I expecting too much as well?