Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

I am with Lone Star Realty and Property Management.

Hello BP community,I’m currently exploring the possibility of converting a single-family home in Philadelphia, which is zoned RM-1, into a multifamily property.

Once you go to 5 units, the property is technically considered commercial property to banks so you'd need to get a commercial loan. 

Auction property How did you finance this deal?

I bought it strictly as an investment property.  10% down, conventional, no PMI.  

Well, you can put your self on the federal opt out list here:   https://www.optoutprescreen.com/This might be great time to do it as if you have purchased any property within 23 or 24 you likely will be in the money to refi already or soon.

The police said the tenant had 4 other properties he was doing this work at. 

Btw, I like Crab Properties and your logo.

We collect payments from property owners and distribute them each month.