Renovations: very minor had a open attic unfinished space sheet rocked off primarily for safety hiding nails, but also a cool little reading room or desk space for someone.

Asbestos work is about safety.

With that being said I just don't want to screw up my first deal and for safety reasons for my family is it worth it?

Hey Philly,Does anyone have any suggestions to navigating which areas to invest in in University City vs to stay away from, from a safety standpoint?

Even if rents were to drop substantially, if an investor has a good margin of safety, they should be able to ride out any market corrections.This is also extremely market dependent.  

Assuming that this represents a significant portion of your net wealth then preservation and safety are the components you're looking for at this stage in your life and this stage in the market.Anything requiring appreciation is a non-starter. 

Or check out Prosper / Lendingtree to see what kind of rates can be made there.I’d have to run the numbers with your cashflow on property to have a true opinion, but I would make sure you leave a safety net & decent amount of cashflow whatever you do.

This is definitely a FHA type of housing to owner occupied housing so safety code is important.   

The eviction moratorium is in place, but evictions for health and safety are still happening.

For me a few-call/text tenants in path check on their safety and safety of property-have several "go to" guys for emergency repairs-keep the news/weather on at all times keep watch-update property owners of the status of their property and make plans to drive the area where storms rolled through-watch for roofing signs in the area, often a good indicator that a rental you have might have hail damage as well, saves putting in a claim when not needed.just a few I am sure I will think of more though.