There is a formula that you must follow if you want to perform, having a realtor who knows the market inside and out and practices what they preach is an absolute necessity. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.

I mean, why bother to practice what you preach?

Potential redevelopment or ADU play. 

After reading about the ongoing litigation against Versity/Crew, I have suspicions of potential fraud.

You are walking into a potential situation that can break your heart, break your bank account, or break your will to ever try this again...Maybe if your lucky, all 3https://phillysheriff.com/property-listing/ Thank you for the information!

I’m looking at a 3/2 or 2/2 potential MTR / STR in East Hill, those unfamiliar with the area it’s  about 10 min or less from downtown. 

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Tip: Take a couple videos of the place fully furnished before anyone moves in and send them as video tours to potential tenants on FurnishedFinder when they ask to see the place.