I am based in W Seattle and we focus on working with investors trying to grow and expand their portfolio in real estate.

We've also been using $250/door as a rule of thumb, but I believe those numbers are going up this year based on the amount of loss/claims incurred last year with the Hurricanes in both Texas and Florida. 

Since the properties are in an IRR, any investments into STR will be based on 1031 exchanges.

You will pay transfer taxes based off of the properties calculated assessed value, and if the property is in Philly city limits as your post location suggests, you're looking at a payment of 4.278% of that value being paid at close.

If you don't add your fee to the price investor will negotiate based on how much you are making on it. 2) I requested for her contract for it to have 10 days of an inspection period.

So im trying to figure out based on my situation what is the best move for long-term financial sucess.Now the rental is bringing in $800 net cash flow monthly, after all expenses are paid.

And, I would send notice of non renewal to the perpetually late resident, which is a judgment call based on my experience that late payers end up as non payers in many cases. 

But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

Matthew,Based on recent investor track records I would say choose Ohio over NY or NJ for a 2-4 unit. 

The contract had that Assign clause (they stated that allowed them to list the property on the MLS).The only clause they have in there to keep extending is based on open of escrow- which never happened.