One thing that scratching my head is, If section 8 rentals for a 2 bedroom are $2013, why is the market value for a non section 8 rental $1400-$1500 in Grays Ferry?

Look at your monthly payment (PITI = Principal,Interest, Taxes, Insurance) + HOA + (other maintenance fees if any) and if this amount is less than what you charge for rent (whether its Long, Mid, or Short Term rentals) and you are happy with the positive cash flow, then yes.Or maybe you're breaking even with the condo but you have  knowledge that the condo will explode in value due to some business/attraction/law/policy that will prop-up the sales price in the near future, then yes.Really, it boils down to what your goals are for this first investment.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Asking for proof of funds greater than the amount of the 60% down payment is the starting point to ensure you're not wasting your time.

Tenant must be up-to-date with full rent amount payments.) and default.

But one undeniable benefit of house-hacking is to ability to reduce w2 taxes for primary residence with interest rate payments.

non-refundable EMD is due in 24 hours, which is tomorrow 6pm.

A common strategy here would be to move out of the townhome -> rent the townhome out -> house-hack and live in a new property with low down payment.

They will put up the 20 percent down payment and take the title of the home.

Thus, an investor can purchase a foreclosed home and make improvements to it only to see it seized by the IRS as payment for the previous owner’s outstanding tax debt.