Is it pretty common while the market is adjusting upward, and will FMV catch up?

Typically, the Philadelphia Zoning Board of Adjustment ("ZBA") and the Planning Commission do not look favorably on units located in basements and they are difficult to get approved.

Items to consider:Yard maintenance - I normally have a clause in my lease that the tenant is responsible for yard maintenance on their respective plots.Water/sewer cost - Identify who is responsible and add/remove expense as needed.Owner occupied route - add in PMI (0.85% of loan amount per year if under 90% LTV) if paying less than 20% down and adjust interest rate as needed.Near Future capital expenditures - have inspections been performed?

*Adjust the annual cap for MCI rent increases approved within the priorseven years for continuing tenant.

I can't convince myself pull the trigger knowing if a market adjustment is coming soon.

. $60k, 20 year loan, 1st 5 years fixed at 5.25%, they will look at another 5 years fixed when the 1st 5 turns to adjustable as long as we’ve been on time every month.

A warmer climate will accelerate this. 

I'll have to adjust my work schedule so I can start attending.

You can get 30 year products (fixed or adjustable).For a MultiFamily they will take Annual Gross Rental income less annual operating expenses, property mgmt fee, taxes and insurance divided by annual debt service.

So I will adjust and adapt as time goes on until I see this as a no-win environment.