The home was a new build in 2019 with minimal maintenance and 30 year mortgage at 2.25%. 

It's also a fluid situation as banks are constantly being acquired or merging so paying close attention to which banks these loan officers move around to is generally a good indication of which banks are going to offer the most aggressive terms.

Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

Or, they may prefer to diversify what they have to minimize risk.

Brody:Hello from a fellow Michigander.Prior posts and your profile indicate you are new to RE investing. 

Based on recent data, there are specific zip codes in Philadelphia with lower Days on Market (DOM), indicating strong rental demand and a quicker turnaround in finding tenants.

Me: Old, RE is a side gig, transitioning from hands-on RE investing to minimal-effort cash flow, selling most of my residential RE (keeping non-residential properties), want to spend all my money before I die so my daughter will not inherit anything :)Given my best efforts, it's likely that she will inherit a respectable amount of RE.

We also use software to document/communicate out to ALL residents during the lease term in order to minimize inquiries from parents who aren't well informed.

In some states it includes annual fees (like the 800usd for CA).Turnover has both minimal repairs and cleanup.

They actually tell criminals the property is vacant.Alarms only work if the police show up quickly, otherwise the thieves are already gone.Appears you have properties in Class C/D areas, there are several other options that we use to minimize breakins & squatters.