Hi friends, I am a real estate investor from Israel and new to this market, I would appreciate recommendations on good agents to work with, who have experience with remote contacts.In addition, if there are investors here in the group that I can talk to, get to know, hear and learn about the city and recommended investment areas, I would appreciate it if you could send me a message

Purchase price: $552,000 Cash invested: $30,000 purchased this home as primary home. lived in it for 1 1/2 years, rented it out and moved to a different primary home.

And also, attorney recommendations appreciated too, as we would not do this without one that is well versed in the space. 

This lets you keep some money in reserve which is always a good idea.

This will hold true in any lower cost inventory neighborhood, not a Philadelphia specific problem but resist the temptation particularly if you are not a local hands own operator.

I hope this helps!

I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.

@Terra Padgett this is awesome advice!!

Is this true?

Unfortunately, I don't think it's realistic that you will find a generic commercial lease online that checks all the compliance boxes for your state, city, and county.There are limited service property managers that will do retail tenant placement (rather than full property management, which it seems like would be overkill for this one commercial unit you manage), and this would be included as part of that basket of services.You could also hire a lawyer, but I think that property management company will be more cost effective.