Some buyers are getting smarter about looking to see if permits were pulled and closed for work performed, but a lot aren't so it is a gamble at sale.

I would figure all the bookkeeping, phone calls, coordination, etc. wouldn't need to have a license to perform those acts and you could just sign a contract per say with the owner saying I'll provide X services at X fee that I bill you for every month.I even considered going underneath someone else's broker license and just build up from there but the fact that they are going to take a big percentage of my already small percentage off rent just irks me when I'm willing to just build off my systems that I have already built/tested. 

Found a house in philly that’s beautiful but was foreclosed.

You'll have an asset manager/s with nearly inexhaustible resources to run the business plan and keep an eye on key performance and economic metrics that would indicate the necessity to execute a contingency in the business plan. 

You become trapped in your own unit - you can never open the windows on a beautiful day because someone else smokes.

Let's call that my "actual proforma" (which sounds like an oxymoron but it's basically a projection of what my actual building's financial performance will be).Thanks for chiming in.

But it’s a beautiful house and I think I can sell it for you.”I’m not sure.

Purchase price: $645,000 Cash invested: $55,000 Sale price: $795,000 Beautiful Victorian right on the Park What made you interested in investing in this type of deal?

A hydrostatic plumbing test is recommended to be performed by a licensed plumber post Foundation work.

The cash flow on the 5 would certainly out perform the 4. 5 units also spreads your monthly revenue out over more tenants giving you more cushion from vacancies.I'm curious about the reason someone told you to go with 4 units.