You don't need a HML in the Philly area, you need one who can evaluate the market and Philly is a good market for HML because it's pretty hard to lose money right now unless you buy absurdly high or mismanage your flip or BRRRR.

@Victor ChanSell if:You don't want to be a bay area landlordFinishes are new and the house does not have hardened features appropriate for rentingHold if:You want to be a bay area landlordHouse has older finishes and value wouldn't suffer from additional wear and tear.The amount of risk you take on by renting would be significant and under no circumstances should you hold long enough to lose your step up in basis.

By way of example, single-member limited liability companies or any investment in an entity in which an individual is a director or officer could no longer be held in an IRA.IRAs holding any of the above investments would lose all of the tax advantages previously available to the IRA.

I used a construction loan, which ended up parceling out funds so slowly and erratically that I had to use my own cash to keep construction moving while waiting on funds, and I ended up selling that house at a loss to keep from losing both houses.

Back when I used to flip, I would occasionally lose money on a deal, even with me (a GC) as the owner.....the project takes longer, markets dip a little....oooops.

Thus you potentially lose current year tax shield advantages or you potentially lose accumulating suspended passive losses that can offset future depreciation recapture.

Assuming an average income or above and you can work from home you’ll want to narrow it down to only states that don’t have an income tax or you’ll likely lose all your house hacking savings to income tax on your w-2 income and rental income.

It can be managed by a property management company as long as there is nothing in the agreement where you would lose to ability to occupy the property.  

Generally "losing party pays winners reasonable costs" is allowed. 

This property should be making me 400 a month but instead I'm losing more than double that.