@Rehaan Khan you should hook up with a local expert to learn from.

Are you planning to invest locally in California, or are you open to investing out-of-state?

In PR, understand the locals disposition to OOS investors, even those fluent in Spanish like yourself (or so I gather from Spanish language interview questions).No harm in beginning the interview process with both lender and agent today.

Assessing the time commitment and associated costs will help you make an informed decision.Market Conditions: Are you confident in the stability and growth potential of the local real estate market?

It's got a village like feel with locally owned shops and eateries.

Consider building a network of local contractors and service providers who can assist with property maintenance.

Anyone have recommendations on local lenders in Philadelphia for a LTR in the city?  

@Yusuke Koike if damage was that extensive where the unit is not habitable, check your state/local landlord tenant laws as some just require you let them out of lease, return deposit and refund rent for any time they’ve paid that they can’t live there.

If you have any doubts on the numbers, I would connect with a local expert like @Josh Green. 

If it's a family style single family home or multifamily unit, unfurnished, in non-core areas, the timing doesn't really matter as most likely your tenants a re locals who can relocate at any time regardless of the season.