It sounds like you are in an ideal situation to consider buying a multifamily building and renting out the other unit(s).

You may less than ideal tenants, however section 8 is a sure deal, direct to your bank account.

I guess like going to the auto mechanic i should have got a second opinion.

I summed up monthly expenses based on my ideal price (mortgage, taxes, condo fee, repairs based on actual repair costs for a similar property I have lived in for the past 5 years), and if I were to rent it out immediately I would have a negative cash flow of $200/month, but I don't think I would be paying more than I would to rent a place in the same area, so in a sense I am not losing anything.

We have done well, but we are over leveraged in a portfolio that I see as being 50% physical real estate, in the ideal case.While I would love to get in on the commercial game in Philly.

$15,000 total while not ideal for 60 days is not that bad, but $30,000 for 60 days would be a no go.

I hope your idealism doent end up getting you hurt/robbed/killed.

Yes I deal with multifamily, commercial and residential.

In my state of north Carolina its much easier to just assign a contract. ideally you should have buyers that don't care about what you make as long as they are getting the best deal anywhere around.

For someone with modest resources the ideal deal is one the can actually pull off.