@Connor Heaton, I agree with Gino, that some HOAs cover exterior items, and some only cover certain items.But beyond, the specific items covered by this HOA, they will also want to understand how well funded the HOA currently is for items.  

When you can sell a 43608 and buy 75% of a 43612 with 75% of the income but enjoy a higher class of residents with double the rental demand it's a solid strategy.I wouldn't say 43608 (or 43605 / 43609 and a few others) doesn't make money...it's that your portfolio of ten properties runs about a 40% chance of any property being rented for 8 months, requires an eviction and full rehab (the bane of realized income).

There are members at MAREI (in Missouri) who understand this structure and might make good partners. 

Coaching/mentoring programs can be cost prohibitive and have a really low ROI vs buying a solid property in a solid neighborhood and learning as you go.

ToniThose are really solid tips!

Hi guys - I am looking to get into the BRRRR space and am looking for some advice from someone who has experience in investing in the Philly area.I'm looking to understand the following better - - What neighborhoods are good to invest in?

I understand that single family units take a while before they cash flow, and I'm perfectly fine with that if the investment is right.

Every inquiry is an opportunity to deepen your understanding and expand your knowledge base.

I only mention this number because at $150k AGI, the active investor allowance enabling one to deduct $25k in losses from active income disappears, as I understand it.My current portfolio:Condo (purchased in 2021 w/ 5% down)Single Family (purchased in 2022 w/ 5% down)Multi-family primary residence (purchased in 2023 w/ 15% down)Above-garage apartment and detached ADU are rented out.

My understanding is that they typically call up and go to the section 8 office directly to get a good relationship with those working there, who can then cherry pick the best section 8 renters for them.