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.

Better sound proofing is also something I will be improving during this rehab.  

Hi BP,I've been communicating with the Orange County tax assessor/treasurers's office staff about obtaining a list of properties that have been tax delinquent between 3 and 4.5 years.

Hello All,This is just a second try from the initial proof read under the post "Letter to Absentee Owner: Proof Read"Tell me whether it looks better than the last and everything and anything you notice that I SHOULD improve about the message (format or content).