PA law limits security deposits to 2 months for the first year and 1 month thereafter.The workarounds are to request 2 months of security plus the first month's rent at lease signing, then refund the 2nd month of security at the 1 year lease anniversary.

Long-term rentals have their own set of fixed expenses such as background checks and optional property management, with variable costs like vacancies, evictions, and utilities, and unexpected expenses like tenant damage and unpaid rent.

Also you can still get the 250k limit even if you don't qualify for the full 500k married filing jointly.

That said I'm not sure the TCO will help here because it is a meter set with PGE, not something that is a City permit issue...maybe they can allow it with a temp pole/meter but I wouldn't count on it. 

As a fellow wholesaler, I can share that it's a rewarding path with its unique set of challenges and opportunities.

The next filter is them showing up at the set time for the apartment showing.

So, tap into your inner visionary and set goals that align with your long-term dreams.

Setting up a quality MTR takes investment money.8) By far, the most important first step we took during the BP Rookie Bootcamp was to find a BP investor-friendly investor who clearly understood house-hacking and MTR together for our strategy.

Ultimately you'll want to make sure you have a good financial foundation and once that is set in place, learn your market, learn what to expect, stick with what you know or have the ability to learn and then you'll have a MUCH clearer picture of what to use those extra funds for.

I've been researching Bigger Pockets content since last August and I recently closed my first set of deals.