We have put a lot of time into attractive & effective marketing materials (copy, great photos).

@Andrew Bateman, @Jeremy Chaudet definitely knows more about the Philly market than I do.Right now I’m trying to find a multi family in one of the areas of Philly that attracts young professionals to house hack and I’m finding it difficult.

Also I will be very curious about early data points on if this is successful in attracting capital to certain areas (will be an early indicator of possible opportunities for appreciation)!

If there is an attractive property and people have done their homework to believe the lien will not be paid (e.g. deceased person with no relatives) then everyone instantly bids 0% hoping to effectively buy a property for nothing but the back taxes. 

Obviously, FHA is an option, but because it includes PMI for the life of the loan we are not a fan of that option at all, as for conventional loans those are definitely more attractive.

This also was attractive to the seller because of their situation.

If your home prices are in the $350k range...the majority of the labor force it attracts wont really much matter to real estate pricing.

But we are simply assuming that by buying a certain type of property in a certain type of neighborhood, we would be more likely to attract tenants with the type of lifestyle that we believe would be best for our property.

Haunted House Attraction

Also while SBA loans have been very attractive for businesses there are new programs at 4.25% fixed 25 years.