@Alex Washburn makes really good points - the process is definitely not easy. 

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

Regardless of the asset class, the common thread is clarity, consistency, and respect.At Robin Hood Properties, we’ve learned that balancing profit with a deep commitment to customer satisfaction creates sustainable success for everyone involved.

I’ve worked with several first-time investors, including out-of-state buyers like yourself, and it’s 100% possible to build a successful short-term rental (STR) business even when you’re managing remotely.

-how many bathrooms per resident have you found to be successful?

@Grace Chee The process for this is time sensitive, you should have gotten a TRIM notice around late August, early September.

It sounds like you are off to a great start for 2025 and have a good plan.Finding good deals is often the most difficult part of the process. 

You don't need to save up $100K or quit your job today in order to become a successful investor. 

I’d love to connect with experienced landlords and investors who can share advice on getting started, selecting properties, and navigating the Section 8 process.

@Elvon Bowman, again, I am not trying to talk anyone out of pursuing their dream, but I do agree that approaching smaller-ish deals is a more likely track for success.