Feel free to add anything or comment your opinions...To Survive Over The Long Run Managing Your Buy and Hold Investments:Understand that your business is to provide quality housingUnderstand that you're looking for quality tenantsUnderstand your goal is to satisfy your quality tenant so they keep buying from youTenants are looking for convenience and superior comfortGreat value within the areaThe Process of Buy and Hold InvestingPrepare investment property for rentalMake a decision on your exit strateg(y/ies)The better the neighborhood/area, the better your security to hold the property for cash flow versus to flip it (generally)The better the neighborhood/area, the faster the appreciation (generally)The better the neighborhood/area, the smaller your profit in cash flow (generally)Staging is an option to consider as well when preparing to get the property ready to marketDoes "The Thinking" for the tenant and helps them to picture themselves living in your homeMarket rental propertyCraigslist is a good marketing vehicle to use when marketing your property to tenants...

As Ali mentioned, the Philly market for MFH is pretty competitive, however if you are willing to put some work in, or invest some capital to make some repairs, opportunities exist.One thing to note, if you buy in the next few months finding renters might be difficult if you do in fact make improvements to the property (as it is vacant).

Since houses don't trade on cap rates but rather sales comps and fewer institutional buyers purchase houses one or two at a time the price to rent ratio has actually improved in comparison to multifamily in Houston. 

All that being said, I tend to prefer to look at the actual cash sales data in the MLS or tax records versus going off of what people tell me.

I personally do not like regular office as it is very easy for a tenant to leave a space in one night versus a built out retail space that can make it difficult to relocate and expensive.90% plus of retail closings last year were furniture and clothing related stores.

"Attend your local REIA clubConnect with a decent local real estate investor agentBuild a decent real estate investing teamCory podcast regarding multifamily house hackingStudy Brandon Turner threads regarding house hacking My suggest would be ( 90 day plan ) :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-> 1st month review Askbp podcast at least twice( located under the " learn " tab )attend your local REIA club meetingssteady paying down your debt-> 2nd monthreview all weekly Podcasts at least once( located under the " learn " tab )attend local REIA club meetingsStart building your investing real estate teamDetermine your local areas for potential investingenjoy the holidayssteady paying down your debt-> 3rd month slow up on attending your local REIA club meetingsremove dead weight from your real estate investing teamStart taking actionenjoy the holidayssteady paying down your debt-> 4th through 12th monthsKeep taking actionSteady improve your real estate investing teamsteady paying down your debt

However, there are many other things to consider when taking money into a new country.I personally have considered most of the bigger cities in europe and have found that the main thing to consider is the currency of the target area versus where you are.As an example, norways economy is largely driven by oil and with todays oilprices the currency here is very weak.

But with more parking and a larger devolopment of downtown Bremerton will be the only real way i see any improvement in equity building.

I am not opposed to making some needed improvements, but don't want to take on a major rehab now. 

So that 100k would include the 55k for the improvements?