The unit is basically open finished space if a tenant wanted to create a salon or make other major modifications, who would be expected to pay for the modifications.Thanks in advance for the thought leadership. 

This appears to be a huge CapEx cost on top of the other major mechanical components of the house.

Yet a majority of my purchases have achieved the infinite ROI (i.e.

The majority of my tenants Tend to be higher maintenance and expect more for less service babe it’s kind of that entitlement mentality.

So i know there are major leaks in the structure and I plan to re-pipe most of it.city building and permits mgr advised he will reach out to me in a couple of days and advise what they have on the property.

Pretty unbelievable to see Philly mentioned amongst those cities but seeing the transformation of 19123 & 19125 over the past decade, it makes sense. 

Does either currently have a PM company, or would you need to find one (a major factor in an out of state investment).

The situation- property will cost ~750K, wont need major rehab, would pay any rehab in cash.- both partners good credit-  want to have 30 year fixed amort financing, plan to buy and hold- cash down payment of 25 or 30% is avail - no experience in prop mgt or RE investing, will outsource prop mgt- One partner has W-2 corp job, other is taking some time off but doing part time consulting. 

I'm looking to do a major rehab on a rental property that has all hardwood floors and the walls will be painted Agreeable Gray.

Exit off major highways, and close to shops like Costco, whole foods, target, and home depot).