Hey there,Does anyone here have experience in running a mid-term rental in Philadelphia?

Does anyone have experience in Sheriff sales for properties located in DuPage County?

What was your experience before and after venturing into world of real estate investing?

Regarding the Holding side of it - what is your experience when it comes to deeding a property to a holding company after close?

Hello @Andres Pepping from my experience from the HUD website and what im currently receiving from rent from section 8 is a $400 difference in a bad way.

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

Meaning you will pay both sides attorneys fees as well as end up with other possible costs going forward in your life and possible court forced asset liquidations and kicked out of your home.

Personally, I had one experience where my Lender wanted the LLC to be within the state where the property was being purchased.

@Mark Adams,I know of Charter Financial, but I don't have first-hand experience.