Additionally, I spoke with a broker last week about multifamily trends in the canton, OH and the surrounding area and he said trends show average price points around $35k-$40k for market properties, so maybe you can find distressed product around $25k a door? 

I am retired and looking to flip houses for additional income.

Additionally, I like the lower down payment with FHA/THDA, especially if you have 3 other people paying down the note.  

Any additional advice or recommendations are appreciated!

Also, down the road (When you decide that running your own books is no longer fun and your time is more valuable than doing data entry and month end reconciliations) your system would need to be taught to an employee or outside accountant... it's a custom solution, which means that automatically the learning curve is going to be much worse for that person vs.

Just want to verify this info with you all local professional investors.In addition, are there any property tax discount programs created by the city or state available to incentivize investors to invest in philly, just curious to know as well.

Check with your employer/benefit plan, some have rules that if its not your primary residence that you need to pay back the loan within 5 years, some plans do not let you make additional payments but allow pay off in full as early as you want, also if you leave your employer anytime before the loan is due, you may have to pay it off or pay a penalty.  

Take your time and go through it all, the podcasts also have a wealth of valuable information no school or books can teach you. 

@Lou Metore  I think your response is accurate for the millions of joker brokers running around the US.s. those that are just crooks IE Due diligence pump and dump... to folks trying to broker deals just like you allude to.however a good LOCAL HML can be a valuable asset.. but this is someone you can eyeball and create a relationship with just like a private lender..

Could additional provision added to a Texas standard lease overwrite Texas Property Code 92?