I only ask, because most people are not sitting on $400k cash (obviously this is just my example) to effectively buy a new house without a mortgage.  

Get the people who are potentially making the decision to give you more details and specifically what it would take to get it done.

"Best" means different things to different people and Philly is filled with MANY neighborhoods to choose from.

God bless them, they are often wonderful waiters and hair dressers and service people and . . . .  

People pick rentals based on location and price.    

Crazy idea - How about asking your tax professional instead of a bunch of people on this blog that have no clue about if you qualify for RE professional status?

These events provide opportunities to learn about and provide feedback on proposed projects.Utilize Planning Apps and Websites: Some apps and websites specialize in tracking real estate development projects.

@Jessica DiPonziano I moved to a small community 2400 people in the summer, probably 30,000 people in a 45 mile radius 28 years ago.

You might also be able to employ a short term rental strategy to increase cashflow-- sporting events, conferences, homecomings, graduation, etc. always attract people to the area.Ask around and try to find people who are investing in Amherst/Northampton and connect with agents in the area to see what's working.

I built a bunch of houses there an loved it.. prices have SKY rocketed there though holy cow. cant believe the appreciation there.. very under the radar but limited land and houses great place lots of money people and there ya go values through the roof.