They are very good in marketing about their services and programs for sure just to get you in the door.

On all my properties I'm enrolled in the landlord reversion program.

I would speak with an attorney before taking advice on legalities from a web forum.

There aren't a lot of landlords that will work with this program so the Housing Authority is a good resource to find tenants.

Also note that if you click on NETWORK in the menu at the top of the web page, you can access a list of lenders.

A few ways that may help increase your reserves would be an FHA 203k loan or equivalent lending program which would allow renovation costs to be added to the loan.

University of PA has their mortgage and home improvement program available in the  Forgotten Bottom which the University considers Grays Ferry but it doesn’t include ‘the real Grays Ferry’. 

I'm one of the rare ones that continues to spend time on the boards when I should be working on my new management agreement, two new employees, new web site, news article, trade show materials, and 57 other things that went neglected while I typed this response. ;) 

As a first time hombuyer I was accepted into a program that offers assistance.

Should I consider repairing the well and going that route or stick to city water and implement a better submetering program to recapture more than 30% of the cost of water?