But you should most certainly be interviewing lenders before you pull the trigger on a property to get the proper information on how they lend money.  

The chances of something happening to all 20 units at the same time is extremely slim. 

This was extremely helpful.

I’m pulling the trigger today and making my first investment purchase. 

We would like to be able to establish a healthy target to save for the downpayment, closing cost, and rehab so we have the funds we need to do the work that needs to be done.Any general rules of thumb or general guidelines would be extremely helpful.

I have a lot of options that have come available recently but I am skeptical about pulling the trigger due to the way houses are selling in my area.

Second, your offers will be at a big disadvantage to cash buyers and stronger financed offers when in multiple offer situations, which are extremely common.

They are extremely knowledgeable regarding any moratoriums restrictions, they know the statutes, know many of the judges and courts.

@Coua Lee I have extremely low vacancies (none at the moment) because demand is high right now and as long as you’re asking a reasonable rent, you should be able to fill units very quickly.

In agreeance with @Sheryl Sitman Philly as a whole is extremely block by block and your ARV values can change dramatically within a block radius.