If they are struggling to pay rent on time now, imagine how difficult it will be around the holidays.

Unless there are laws or regulations in Philly I'm unaware of but there are very few CRE who WON'T want or require you to close any kind of pure investment property in an LLC and usually we have a more difficult time finding a lender who allows a borrower to close in an investment property in their personal name- you should have no problem with this.Feel free to PM me to discuss if you like!

That being said, partnering with ONLY someone who has little experience such as yourself can be difficult to get much further than you are now.

Account Closed I have many clients lend the money to successful RE investors like myself.

Also it makes it more difficult that you dont have any experience level or track record. keep looking you will find a lender but again keep in mind your credit score, finances and experience level will all factor that number of lenders that will open up their bank accounts to you.good Luck

We don't make the choices, nor should we judge our clients for doing what you feel you want/need in a transaction.

Without knowing the neighborhood it is difficult to determine if it is a good deal. 

I'm aware of the potential to get into wholesaling for less money than flips, but I know that wholesaling can be far more difficult than it seems on the surface. 

You don't need a license at all to invest in real estate no matter what state you live in or the other states you invest in.You should using experienced local professionals in each state you do business in to get the job done right and keep you out of any legal trouble you may be worrying about.A license and all the training and expenses that goes with it is only necessary when you are representing other people as clients.

With your size building,,@ 6 units, I believe if it were me I'd post  Sept 1, to take affect on 10/1 the new rental criteria, / with occupancy,, that way incoming would be set to that number and existing would know they can't add anyone to their leases to be over occupancy going forward, and renewals would know if they are over occupancy you will not be renewing per the new criteria.If it were a much larger complex it would be much more difficult to implement a new occupancy limit for units that may have had 4 people.