Hello BiggerPockets Community,I’m currently exploring the real estate market in Reading, PA, and I’m particularly interested in rental properties that generate cash flow. 

If the Tenant’s visitors stay outside of the 14 days; Tenant will be charged an additional $50 every 14 days that the Tenant’s guests are staying in the unit.Is this legal for me to do this?

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

We have great +750 credit scores, a +6 month emergency fund, money set aside for the down payment (both emergency fund and down payment are cash sitting in a high yield savings and rolling 4 wk treasury) in addition to a taxable brokerage account I have built throughout the years in the event we need to leverage it for a pledge asset line.

Will add it to my calendar and try to be there.

Additionally, acquaint yourself with New Jersey's security deposit regulations and be prompt in addressing maintenance issues, possibly with the help of a local handyman.

Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

For sourcing deals, consider leveraging a mix of strategies including networking with local real estate investors, using online platforms like Bigger-Pockets for community advice, and exploring public records or foreclosure lists for potential off-market properties.

In addition, focus on the true decentralized side.  

So the only difference I see is that I have to pay an additional origination fee of 1-2 points on hard money.