This peace of mind was crucial for us and we may not have entered the landlord world if we wouldn't have had that peace of mind.

But, if you're planning on staying in it for a few years I wouldn't worry about the cash flow aspect as much at this point.

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

Part of the job of a PMC is to own every aspect of property management and to see things through.

I am not familiar with Philly or the technical questions you pose.I am thinking of this from a purely investment aspect.  

However, they don’t offer on-the-ground management, restocking, or property maintenance services that are crucial for remote owners.

Has anyone else gone through this exercise and can shed some light on the positive and negative aspects of the different approaches?

You'll learn about all aspects of management and can learn more in one year than most managers learn in a decade, all while earning a decent paycheck.

I am curious to know if the proximity to Pennsylvania itself is a crucial factor in renting out the property, or if it would be equally viable to invest in an area further away from the city (with a 1-hour commute time, as opposed to a 30-minute train ride from Haverford).I would greatly appreciate if anyone could provide information on the actual rental prices for an average 3-bedroom house in these areas.

The goal is to capture a buyer’s attention within the first 20-40 seconds, as they walk from their car to the front door, creating a positive impression before they even step inside.In this case, it’s crucial to ensure your home stands out without clashing with its surroundings.