Property needs work, our plan would be to renovate with the funds returned after the financing.

It's been working very well for us, so no plans on changing something that isn't broken.

I'll see what the outcome is and plan accordingly.

Yes, I am planning to follow the rules for the STR loophole to go against my W-2 income.Has anyone performed a cost seg in this area?

Carrying out a comprehensive property analysis is key to pinpointing amenities that will draw in tenants and optimize rental revenue.Decide on your plan for house hacking- will you reside in one unit and lease out the other, or rent out both units and live elsewhere?

@Cory RayI was planning on trying to get some leads from cold calling 

I’m conflicted if I need to use a CRM as an investor even though I plan on having a PM.

If plan to invest out of state it'll be crucial to develop your core-4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...Having a solid team around you will be fundamental to your success.

This will be really helpful come tax time especially if you have other properties or plan to buy more. 

From my question you would all guess I am a newbie at this.....here's my question, does the city actually sends somebody to inspect the property after receiving the license application or just issue the license if I go and apply for the same at the center city office.The property is being refurbished and plan to put it on the market for rent around Nov 1st.I appreciate your earliest reply.