Most flippers loose money on their first few flips til they learn what they are doing.Buy and hold is a much more forgiving strategy.

Now we all know is Agent A works with listing agent B they talk on the phone and seal a verbal...holding the house for the client of Agent A so that no one else can get the house in the morning.Otherwise, if realtors are too weak kneed to present low balls, change realtors.

From BP, it seems like Fishtown, Brewery Town, Olde Kensington and areas near Center City hold much potential, so I'm planning to look more into those neighbourhoods for now.

On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

Our goal is to focus on buy and hold properties for now, and we are hoping to purchase our first property in the next few months.

I try to hold as much as possible 

Hello,I'm considering a triplex for buy-and-hold in Los Angeles, whose current rents are 45% below market, but if you could raise rents, it would mean the difference between us having -$200 versus +$1500 in cashflow.

At least to start with.I would also be sure to stay only within one state to start with, as market conditions and lending laws vary enough to get you into big trouble if you don't stay within the laws.If you use a broker, you won't have to market for borrowers, and can make these deals more hands off like they are supposed to be.

If this holds through Dec/Jan numbers....... it WILL be a double digit pricing jump spring/summer market, no doubt. 

Read as many RE books as you can get your hands on.