I feel like it would be way easier to more accuratley determine fair market value of homes, avg rent in the area, etc...with a realtor.

I've been through a bunch of this recently, but this is complex stuff.First medicare and medicade are two very different beasts.Medicare: Health insurance for the elderly.

Doing a bunch of work to a house I've found will not increase the rent enough to justify the expense.

Again, ask about this up front. finding a good, reliable, fair money source is crucial to success.

Hey guys,I'm also a fairly new investor in Philadelphia.

I agree that there are a bunch of knowledgable people and wonderful resources on BP.

Also, I would offer a fair share of monthly cashflow, not sure what this number would look like maybe 30%-50%?

I don't have much experience dealing with craigslist postings for property but it seems to me that you would want to get into an actual discussion fairly soon vs e-mail negotiations.

I think 30% is fairly unrealistic.

As one might imagine, we also have a fair amount of former tenant balances we need to collect on.We've given a couple collection agencies a try in the past but have not yet found any that really delivered.