Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

Hello BP community,I’m currently exploring the possibility of converting a single-family home in Philadelphia, which is zoned RM-1, into a multifamily property.

I am with Lone Star Realty and Property Management.

We now hold it as a rental property that cashflows well with a 2.75% interest rate (got lucky with the rate environment at the time of purchase!)

Once you go to 5 units, the property is technically considered commercial property to banks so you'd need to get a commercial loan. 

Trying to avoid analysis paralysis...Property: 1.

I've bought properties before via "Subject-To" but I've never done a novation or a land contract. 

I bought it strictly as an investment property.  10% down, conventional, no PMI.  

Well, you can put your self on the federal opt out list here:   https://www.optoutprescreen.com/This might be great time to do it as if you have purchased any property within 23 or 24 you likely will be in the money to refi already or soon.

We collect payments from property owners and distribute them each month.