Is that accurate or does it work just like other property management?

Is the paint so bad you can't live with it for a year and then decide this next year. 

And if you hire a property manager, deduct another 10-12%.I think this property could work if you are careful to set aside the cash flow and build a solid reserve.

You can also call property managers in the area. 

We manage +100 properties in the San Fernando Valley and Los Angeles area.

Both properties are under property managers.

I believe, you will also need to live in Philly or be forced to hire a licensed property manager in Philly.Lastly, you cannot deny on credit alone; so it can be a very sticky situation.

But owning managing and leasing commercial space should not be taken lightly and you should get as big a picture as you can. 

-What is the price range for property managers and general contactors?

Additionally, Millennials rely heavily on online platforms and mobile apps for property search, virtual tours, mortgage applications, and transaction management, reshaping the way real estate transactions are conducted.Delaying Homeownership and Embracing Renting: Despite their strong desire for homeownership, many Millennials face financial challenges, including student loan debt, stagnant wages, and high housing costs.