I would say look at people you will need on your team...realtors, title companies, inspectors, contractors etc and start with where you think you will be a good fit and what you can bring to the table... hope that helps!

I bring to the table $250k+, a lifetime of general construction experience with tools, the ability to supervise and live near the project until completion (I own a truck camper).

@Phillip Costa - a few links to consider:https://www.philaworks.org/data-trends/ - Philadelphia's workforce development boardhttps://www.phila2035.org/citywide-vision - Philadelphia's vision for the future (not set in stone just what they're working towards)https://www.bls.gov/regions/mid-atlantic/news-release/areaemployment_philadelphia.htm - Bureau of Labor Statistics (take a look at table 1)https://www.philadelphiafed.org/-/media/research-and-data/regional-economy/beige-book/2020/200415-bb.pdf?

Important thing is for you to understand when you see this and stick to your numbers, don't reach.Also, I know you're just practicing with underwriting so you're grabbing the first thing off loopnet to crunch some numbers but when you start filtering down to your target market, you're going to want to know how the taxes will work and what the mill rate will be so you can calculate accurate tax figures.You'll likely also need 10% of loan amount in liquid funds post closing so factor that into how much money you need to bring to the table, in addition to the down payment.If you plan on syndicating, definitely need to practice calculating IRR and CoC based off different splits and prefs/no prefs.

When you take those figure it is technically a recapture.When you look at how the depreciation table is, in the five period it is normally called the breakeven point for add back.

That led to taking down all the drywall and discovering that the french drain they  “put around the entire perimeter” only goes 3/4 the way around.  

If you re-route the drain pipes and it still floods I'd probably start digging for a french drain but you really need to look and see if the drainage issue is due to a landscape feature of the property.

There are landlord/rental owner/multi family advocacy/ lobby groups... every city/state has them... they are our political voice and are always at the table when tenant/LL issues are being discussed.  

For example if they accept an offer with an escalation clause rather than issuing multiple counter offers, or simply allowing buyers to continue bidding against each other for as many rounds as possible, they may be leaving money on the table.

You could install a french drain system along the border of your property to divert any water from his land into the drainage system.