If you're buying it as purely an investment property - project for a 20-25% down payment.  

So it's on the backburner until we can easily afford the payments and maintenance on a property in that area and enjoy a little subsidy from seasonal rents. 

The strategies you mentioned above seem to be more advanced strategies, but if that is what you enjoy, learn as much as you can and get into it.With minimal income, I would suggest saving up some money, buying a new primary residence that you can house hack, and keeping your current property as a rental.

If you have any questions feel free to reach out I enjoy helping and offering loopholes to help bigger pockets members save more money and time.

I'd enjoy to connect so feel free to add me!

I was going to run an STR in the home and he would enjoy a higher rent than from a regular LTR rental AND he would have the property managed too.All was going beautifully.

I am definitely walking a non-traditional route in real estate, but truly enjoying the journey.

I'm particularly passionate about Memphis, TN.Outside of real estate, I enjoy hiking, sunsets at the beach, and horseback riding.Excited to learn and connect with you all!

I hope you enjoy the rest of your day.

I am not familiar with Philly or the technical questions you pose.I am thinking of this from a purely investment aspect.