@Tiffany Tran This question seems pretty location specific since every municipality has their own rules, I would recommend reaching out to someone who specializes in Philly, or perhaps posting in the classifieds asking for legal help in the Philly area!

Once I have a better understanding of market conditions, I can determine if BRRRR is feasible or if leveraging for multiple properties makes more sense.In the meantime, would you mind sharing any resources you've found helpful for analyzing BRRRR potential in a specific market?

To be honest, when we received the bankruptcy letter I thought about sending him a letter to let him know that he had to surrender the property, because I thought he was not going to pay, so when he paid the full month and late fee, this kind of threw me off, not sure how to proceed.Much appreciate the help from this forum

Thank you all for your help and suggestions 

With 1031 you have limited time - if you decide to invest it here let me know, I can help. 

For 18 years, I thrived as a mortgage broker in Texas, helping countless families achieve their dream of homeownership.

I cover all these areas so if you'd like to discuss particulars just message me and I'll be happy to help

I've helped quite a few people house hack in this area so if you have any specific questions about areas, rents, appreciation, and such just reach out anytime and I'll be glad to help!

@Jeff Roth thanks for the mention, glad the content is helpful!

Another lesson I learned was to have a more concrete scope of work to help create a more accurate budget and to add a buffer in the plan for things that come up that are unexpected.