I guess we'd been more fixed on that area because initially been thinking of moving into a duplex we bought, and we know people.

I am planning on doing an initial rehab then start an addition (Master sweet) to the current property within the first year. 

Painting and anything I can do to tenant proof the home and document with the tenant during the initial lease agreement is the goal.

All dates, initials, signatures need to be in order.

. $220,000 SP, $195,000 initial purchase price, $5,000 down.

I have looked at comps (Versailles, Strata, P&P, and so on) which are "filled" and generating the rents I would like, however I am concerned that the "A Type" market I am shooting for is extremely limited, and could be eliminated should Allentown start swinging back the other direction.

I have heard of investors using the delayed financing option where you can refinance in less than 6 months, however there are conditions where you cannot borrow more than the initial purchase price and no higher than 70% LTV.

Ideally the refinance will net you out all of your initial investment if you have done much work yourself. 

Are your initial calculations holding true?

*Provide information about rental rates and other terms and conditions of the rental, as set out in a schedule provided by the owner, and*Accept deposits, fees for credit checks, and other administrative duties, security deposits, and rent*Provide preprinted rental applications and respond to applicants’ inquiries about the application*Show rental units to prospective tenantsAs you can see, a non-licensed, non-resident manager is limited to performing rather routine tasks that don’t call for initiative or decision making.For instance, this manager would not be qualified to negotiate a lease (4), deal with late rents or other violations of the rental agreement or lease (5), or appear in court on your behalf (6).(1) My property manager does NOT live on any of the owners properties.(2) My property manager is unlicensed.(3) My property manager supervises 10 different properties.(4) My property manager has negotiated leases for 12 years without a license.(5) My property manager has dealt with late rents and violations.(6) Unknown