I prefer presently NE Euclid, NE of the brand spanking new Fulfillment Center and Lake County. 

Lots of commercial in the area with easy access to highways, PHL airport, and Center City vs. main bus routes heading North/South.

I walked a few blocks today around Frankford Transportation Center and it seemed a lot nicer than Arrott or Church Stations.

I got feeling that it is mixed neighborhoods which contains new quality construction and old 1920s townhouse,  For life perspective, there are corner coffee shop and convenience shops,other than it is easy access to center city, not sure what is really good about point breeze?

Maybe I am at the stage where capital preservation is important.

In other words is the seller or management company "cooking the books".Example.1.Taking money from another account and making the tenants look like they are paying on time and in full to show 100% occupancy.2.Giving rent credits like first 1/2 month off apartment rent,or full month rent off,or no security deposit,pet deposit,etc. to inflate occupancy.3.Retail leased properties where market rent was 18sq ft but the landlord is selling because lease is coming up for renewal and if tenant doesn't get 12sq ft they will upgrade to the new grocery anchored shopping center that used to be 22 sq ft and is now 18. 4.Watch out for pre-foreclosure volume and foreclosure volume for your area.What I mean is when a buyer purchases a distressed property for below market value they can then rent at a lower basis and still make the same or better profit than you.I have seen this first hand.I have seen rents for apartments 2 bed be 650 a month.Then a few foreclosures happen that buyers purchase cheap for cash.They come on the market and rent for 550 a month.The buyers rent low to get the best tenants to choose from and build occupancy quick.Then over time they will up the rents.What this does is put tremendous pressure on landlords already hurting that have high debt service loans.Then those get foreclosed on and a domino effect happens until the market settles.So my main point is don't count on current rent or future rent.I look at where the market is going and correcting to and buy really low so you have room in case the worst happens.This will exclude many properties.If you make great income form other than real estate and just want a tax shelter with pay down etc. then you might look at it differently.

Thanks for your replies, I will try to answer them all.Listed for almost 30 daysRent: 2500Comps: 2800Loft/1bdrmDeposit: 1 months rent (like other units) with a pet deposit if applicable3 inquiries/showings so far- none interested Unit- Hardwood floors, dishwasher, wine chiller, all new stainless steel appliances, washer/dryer in unit, private balconybldg-24 hour doorman,fitness center, common garden patio, garage, storagebtw (this is in downtown Brooklyn)I hope to continue to gain some insightful information from this site.

OK, i'm trying to wrap my head around this one..and it's late, so forgive me if i screw it up.....but if a property is in your personal name, you can manage it..not sure what the point of having an LLC is at that stage though for managing..why not put property in LLC..then you must be member of LLC to manage it from what i understand..curious what attorney advised you, or what was their reasoning, for having a management LLC but no property LLC..tenant lawsuits will be brought against property owner, so it seems you're still at risk

I'm in the beginning stages and trying to figure out if its worth the investment to build over 200 square feet, and what my options are to maximize income potential.

As others have mentioned, it will be the standard 16" center 2x4 walls, and ceiling joists on the same pattern as the rest of the house.My guess is that the big box stores only sell stuff that DIY folks would buy.