Lastly, is there anything else I should know about Irvington that's important for an out-of-state investor to understand?

James, I tried doing this in another city which I was not a member of their mls, after signing the contract and paying the fee, there were a lot of additional charges, like they wanted me to pay for the lockbox and shipping fee, I had to take the lockbox to the property, in the contract they said they will post 15 pictures, but they wanted me to provide pictures they would just upload it.I'm just trying to say double check and make sure what is included and what is not, if you are in town, it will be a lot easier but for my case, I didn't want to drive few hours to run their errands.

While you've already explored Harrisburg, Allentown, and Scranton, consider expanding your search to include other rural towns around metro areas that might offer a more stable and landlord-friendly environment.

That bill will include labor and the cost of all the items.  

We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

This doesn't include the 14 years we've underbuilt for normal demand.

Early in the journey the primary question is how much can you save/invest less important is where and what your returns are (this flips once you have about 2x your income saved).

Represented here in no particular order is one national lender, one that lends in lots of Southern states including Texas, and one local to Dallas. 

Exterior/Interior Paint, fixtures, etc.These buildings were constructed in the 1960s with steel pipes and much of the plumbing has been replaced as needed including new supply lines in the ground and new sewer pipes under the slabs.Ongoing maintenance costs have been pretty consistently high on this project, but the rise in rent over the holding time has been a saving grace.

Most lenders, including us, will do the lesser of the purchase price ($1.095M here) or the appraised value as the amount used to calculate the LTV.