Many banks you would get a loan from would have restrictions against "arm's length transactions" meaning they wouldn't give you a loan to purchase a house from a family member.

I've used Ryan Weber of Gomez May law firm in Davenport for all my transactions and I'm very happy with him. 

Does the MLS that is used in Philadelphia show both sides of a Real Estate transaction? 

@Dana Powell You are not obligated to follow through with the transaction until you have signed the papers at the closing table! 

There is nothing for sale in multifamily, so you are probably in the wrong market if you want to actually close on a transaction.

Is it safe to say we are in sale Phase 2?

For example I have two houses right now that are high equity where a second would be safe compared to the equity position.

Would being an appraisal and knowing how to appraise the value of a property be better or knowing the underwriting process of a real estate transaction be better Just want to do something that I can put some money In my pockets while Im there but at the same time work doing something that teaches me and helps me In my aspirations of becoming a real estate investor with zero funds and experience imThanks guys any advice would help.

So first, just to clarify, the rental that is in the crime infested area, its safe to say you guys have signed papers and you guys are the owners of this property.

Also, it would probably be safe to bring the rents up a bit.