The realtor actually suggested I go lower.

The seller is actually a brokerage/realtor.

A better strategy and use of time would be to actually do a STR :).

Was the property in service as a rental at all in 2023? 

Just be aware of the HOA fee future.Developers typically set the HOA fees as low as possible to get buyers in.Once they turn the HOA over to a Board made up of actual residents, it's not a question of if, only WHEN HOA fees will be raised to where they should be.This will adversely affect your cashflow, so you should plan for it.

We are actually in contract on a property right now.

Actually @Devvrat Kumar they ARE listed in Zillow, etc.

Additionally, higher property taxes can sometimes correlate with better city services and amenities, which can be attractive to tenants.Cash Flow: While property prices may be higher in Philadelphia, rental demand is generally strong, especially in desirable neighborhoods.

Being a newbie here, I'm looking for your vetted referrals in the following areas:- Carpet - Appliances (fridge, washer/dryer)- Landscaping Maintenance- Delivery handlers or valet service- LVP flooringWe would really appreciate your knowledge and suggestions!

I’m actually currently saving funds but I should be ready around March.