A lower "purchase price" presumably would help both of us from a tax standpoint, but hurts me on depreciation?

@Anthony Warlick at 1.25M at 8%, assuming 75% LTV your payment would be 6879 without taxes and insurance (since that wasn't listed here).

FHA loan with monthly payment including taxes about 7800. the other side would get up to 3200.

Would like to consult with some experienced investors about what I need to do.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

A lot of my investors are just buying A-class for the tax benefit and breaking even. 

@Zachary JensenIs it only depriciation or also insurance/re tax/mortgage costs?

Local Grants and IncentivesIt's vital to fully investigate the Philadelphia real estate market, comprehend local laws, and maybe consult with local real estate experts before implementing any approach.

He narrowly escaped the property tax sale on his primary home a few weeks ago.  

New Home: I would need to dump some of my brokerage accounts for the downpayment(so some capital gains taxes would need to be paid to finance the downpayment on the new house) or if I sold our "current residence(2nd home)" I wouldn't need to.I understand the tax incentive of selling within 5 years of living there for 2 years, however, the cash flow seems larger then what I would get taking the money and investing in new RE in the future.