Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

I even pay a fractional revenue manager to also check it on top of the software auto updates. 

There are redemption period of 9 months in Philadelphia county

I would definitely get rid of it, but I don't think it's worth much more than what you paid based on your updates.

One hiccup he faced was forgetting to update his umbrella insurance policy, which left one property exposed for a short time.

Updates the seller had no interest in doing.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

They will probably stick to that for a short period and then go delinquent again, but it's much easier to deal with if they violate a payment plan in most cases and at least you get some of your money back.They might be a professional tenant.

Just be sure to account for the upfront costs, ongoing maintenance, and market demand to make sure the numbers work for you.Good luck with your decision, and feel free to share updates as you move forward!

If you are having trouble sourcing either over a years-long period I agree selling makes the most sense.