I have a very good friend who has been in the business for just 9 months and has made the million dollar club; granted she does not already have a full time job.

Granted it may not be appropriate in very high end rentals but make no mistake....the stuff is not cheap.

@Grant SevekWelcome to the BP community.

The contractor I used was related to me, but I took some things for granted and should have kept things more professional.

--I know multiple methods to find money to fund the deal--I've gone through multiple scenarios showing the pros and cons of borrowing money to fund a deal--I can identify market trends across the country, and read the governments FHFA reports see when markets are turning, before its on the nightly news cycle (Granted this isn't something I've used, but would you even know to ask the question on BP?)

Granted, my rate is 1.65%, which is nothing and speaks towards keeping the debt...I am just ready to see it gone.You can always defer the decision, set the cash aside for the REI and reassess at the end of the year. 

Can an investor secure grants and tax incentives for providing these properties- in most communities, yes.

Are there any loans or grants for a Philadelphia rehab?

They deserve something for all the hard work they've done to get the property into it's current condition.No matter what, please do your due diligence on whomever you purchase from...we don't work with a majority of the turn-key providers out there for a reason (granted, our standards are pretty strict).

They are properly used between co-owners, business partners, family transfers for granting title interests or from an owner to their Trust or business entity which they are a party to.