Do keep in mind as well that there may be a value placed on a more long-standing relationship with one person/firm as they'd have a better picture of your situation overall.

In my experience, the Schlage is better and it isn't even close. 

Things are NOT going to be getting better in this space for a while. 

It may be a better use of your time to begin advertising this unit so that you can get a new tenant moved in as quickly as possible following your current tenants move out.

Better for photos and higher rents as well. 

The 5-Year Treasury rate is generally the right benchmark for non-owner occupied Non-QM (assuming thats the direction you are in) - and rates will generally move in concert.I'd be happy to look at your scenario and let you know opinion on if its in line with current rates - that being said, economic data has been brutal this week and yields have risen every day, so its unlikely that rates have gotten better since you locked in last week (if you got a true rate lock)

You are better off budgeting money for maintenance and capital expenses and keeping a reserve in case issues arise faster than your budgeted money gets socked away from incoming rents.

Seems like the better plan would be to go to the city council meeting and prove to them that you are not running a STR.

Which one is better and why?

Economy: Philly has better schools, a better financial sector and job sector than LA (I am guessing but would like some opinion)Cons:1.