In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

As Stuart mentioned, STR in the Phila area, especially in Philly itself are not straight forward and require zoning and licensing requirements.

You didn't mention it directly above but I'm assuming you are planning on doing a 'live-in flip" in which case, yes, you should be able to get an FHA 203K loan (assuming you meet other FHA lending requirements). 

Why do off market properties require a good amount of renovation?

I believe in many circumstances a permit or use license will be required by the municipality depending on the use. 

The former involves lower monthly payments but requires a lump sum at the end, while the latter has predictable monthly payments but might be higher.

As terms like tokenized property assets, real estate tokenization and tokenized property investment reverberate, across the industry it's evident that the digital era has arrived in force.SMFLs vision transcends boundaries of thought.By integrating Vertalos platform with its existing asset tracking platform AssetForce, SMFL is paving the way, for a merging of the physical and digital worlds.

It may require enough interchanging knowledge and interest in a long run for it to happen more often, maybe that's why it's less likely for now

Modern kitchens require 8 separate circuits minimum.Using licensed Contractors also I would assume?

It does not require the seller to pay it, nor does it require the buyer pay it directly.