Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

Not much, but I figure it's a good learning experience and it could be easy money.I've been thinking through exit strategies in case this buyer falls through and for some reason we can't find a backup:Potential Plan B: Minor Flip / Make improvements to improve it's appeal. 

It is cash flow positive, but my belief is as it continues to appreciate, the cash flow will improve.  

But looking around Google Street View it seems you may have over-improved for this particular neighborhood.

I don't want to be involved in day to day operations boots on the ground, so I need a larger community that can support staff, but again, I have plenty of friends who are milking the smaller community niche.

These assets normally are in need of a capital improvement campaign and/or a serious management turnaround.

It worked out ok for us.I did some landscaping which I liked when I lived there, but it was too high maintenance when we moved and I managed it as a landlord.I did some "home improvements" because we were excited about our first house, which in retrospect did not help might have hurt the rentability.One year after we moved to a house, my wife got a job offer out of the area and we moved.

Maybe then you will be in a more improved financial state. 

Consider a sliding scale, 20% for 2 years, 18% years 3, 4 and 5, this is a "front end load" that makes up for the lower profits in the beginning but as you improve the property and cash flow they can still make more at a lower rate in profit shares. 

I own a house in Penn state and was threatened with a lien on my house if I did not show signs of making immediate improvement but that is in Pittsburgh so I am asking about Philly.