The recent slowdown in imports has also helped major retailers including Walmart, Target, and Costco clear the excess inventories they accumulated last year.

The price to remediate could be very expensive-far in excess of the homes ARV.

In the contract we signed with the property management company when we first started using them there was a clause that said:"Expenditures for repairs, alterations, decorations or furnishings in excess of Three HundredDollars ($300.00) shall not be made without prior written consent of owner, except in thecase of emergency, or if agent in good faith determines that such expenditures arenecessary to protect the property from damage, to prevent injury to persons or loss of life,or to maintain services to tenants."

The link for the application form: https://www.phila.gov/li/PDF/Code%20Bulletins/applicationZBA%20appeal2013.pdf where you will need to explain how compliance with current zoning code causes you unnecessary hardship as well as in the even you get the variance how it will effect your neighbors and the neighborhood (traffic congestion, parking issues, excessive noise etc.).

Hey All, I'm looking to network a bit with property managers with contacts in the STR space to learn more about their business goals and appetite for collaboration. 

If the cash is distributed across several accounts you can send screen shots of all accounts with a cover letter that says something like "see POF in excess of $xxx,xxx in the following accounts".

I am thinking I will only owe taxes on the excess. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

If it's an 80-year-old property I wouldn't be surprised at the excessive repairs.2.

It's all contextual to your market, your investment appetite, and your business plan.Here are a few keys things to consider:Your Market: As @Mack Benson pointed out, up here in St Paul/MPLS, most of our small multifamilies (2-5 units) were built nearly a century ago.