Unfortunately, my current employment will not cover the additional properties but with the tenants' rent I could pay for all said expenses.

Buying fee simple performing properties at those prices will be difficult unless you go in to towns that are extremely tertiary, even then I'd be surprised to see pricing around that.

I am retired and looking to flip houses for additional income.

For commercial properties where you perform a value-add and have an increase NOI, when does the lender consider the new NOI and increase in value for a refinance?  

Additionally, I like the lower down payment with FHA/THDA, especially if you have 3 other people paying down the note.  

I also figured I would not need to perform a home inspection either considering the unit is in a condo complex that is well maintained. 

Any additional advice or recommendations are appreciated!

A third party will force an additional layer of accountability and precision vs. one person doing it themselves.

Darren Eady What goes into lead generation for non performing notes?

Just want to verify this info with you all local professional investors.In addition, are there any property tax discount programs created by the city or state available to incentivize investors to invest in philly, just curious to know as well.