If the rental market is not favorable, you’ll likely see less investor activity and therefore less potential buyersAvailability of Data and ResourcesAccess to market data and networking resources can be a huge benefitConsider things like; access to county/court data, is it a non disclosure state, etcCommunity and Economic Trends Understanding local trends/issues can provide crucial insight into your target marketYou can operate virtually, but it’s still important to develop expertise in your target market*** Good market selection is not a guarantee of success.

I would then sublease the property to a new tenant for $4,300.I would take care of all repairs and any tenant related issues.

You can guess based on last year and add or subtract any changes, but that too comes with issues.

2- Let's say, I buy a second mortgage and lis pendens has already been issued for the first mortgage and an auction date has already been set for it.

In addition, there is a separate issue if you lost your principal investment.

How big is the land, cost to rebuild, insurance issues, economy in the city, accessibility, population.

I would also join local FB groups and meetups to learn specific issues that folks in Philly deal with.

Seems like it’s one of those item where if you don’t spend real money (well over $1K) then there are issues with warping.

@Benjamin WeinhartMy experience on this tax forum tells me that highly technical discussions of the Code/Regs nuances are not well suited for this platform.That said, my 2 cents is that this issue is a matter of interpretation.

Right now it's an average of about 6.3%.Any suggestions on asking for a cap, how to incentivize without a % and any other related issues I should pay attention to?