The vast majority of states also leverage figures on a federal return as a starting point to define taxable income, making adjustments to those figures to arrive at the portions of income that are taxable for state tax purposes. 

A common trap to fall into is seeing a nicely renovated house at a reasonable price tag.

Yes, there are DSCR products available for properties under $100K, however, the minimum appraised value must come in at $75K (which doesn't seem an issue in your scenario).

Have you guys heard of https://www.fina.money, pretty flexible, a little bit learning curve at start.

The expenses of the mortgage, property taxes & insurance and HOA (if applicable would have to be at or below the number- in this example, $8,000).

This requires you to have consistent income because at the end of the day this is a loan you have to pay back.

MTR arbitrage is a useful tool to have in your tool chest, and like all tools, it has its uses along with its positives and negatives.MTR: Medium-term rental (usually between 1-12 months)Arbitrage: renting from another landlord and *with their permission* renting out that unit to a third party, hopefully at a profit.

Im saving up for at least 20% down.

Can't comment on Philadelphia but this is not the case at all in Tampa.

I am on the board at CFRI (Central Florida Realty Investors), the local chapter to the national REIA and one of the largest in the country.