On a related subject : (A little bit of good news in a crap world) :  I have a giant, a truly huge, thank you to you guys :  Thank you so much to the many people who took the time to give good free advice to a : A Veteran, a stay at home mom (who had not worked or had income in 27 yrs)   I really do thank any of you who gave me advice 4 yrs ago.

Feel free to reach out to me directly to connect!

To handle daily operations, tenant selection, upkeep, and rent collection, think about working with a property management business.

We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use. 

If they have lived there at least 2 of 5 years, a portion of the gains is free of gains tax.  

I selected Philly because I have a network of local contractors, and property prices are more affordable than the Atlanta Metro.

And given that risk-free Treasuries pay 5.3% now, is a 5% premium over that worth it?

If a Roth IRA, all rental income and capital gains are tax free.

Before hiring a professional and paying for advice, I would continue to do research here and use the advice that's free.

Feel free to DM me and I can get you more specific data.