And start analyzing properties as well, so that you can pull the trigger when one fits your criteria. 

There have been sales in the Neighborhood that are smaller than mine and sold for more per square foot than my property.

I'm interested in purchasing single family or small multifamily properties in established or up and coming neighborhoods. 

I owe about $68k on it and believe it could sell for about $150k as is based on recent comps.Prop C: Single family, my primary residence in the Overbrook Farms neighborhood of West Philadelphia.

We are due for a slight correction, but those generally quite nuanced and they happen on a neighborhood-by-neighborhood basis (example: the prices drop 2%-5% for a quarter or two in a specific neighborhood).Q2 set a benchmark. 1/3 of all SFH sales were sold for $2m+, and the median sale price for a SFH was $1.62m, which was a 13% YTY increase. 

To give a bit of background:My grandmother's next door neighborhood passed away a little over a year ago and none of her family members have visited the property to clear out the house, manage the property, or even take over the payments.

I finally decided to apply what I've been learning about, gassed up, and got to to know a neighborhood a little better.

We have 6 rentals, one spec currently for sale, and a few developed lots waiting to build on in a nice neighborhood.

@Aaron Klatt I thought the numbers make sense IF I can get it for 60k and then sell it for 65-70K even with renovation of 30K, the buyer is still good on price giving other properties are at 120k in the same neighborhood.

I read an article stating, the nice neighborhoods with Park in the name are doing really well.