However, if you live in the county working in Philly there is a reduced tax that you would pay to the City. 

I have talked to another investor in this area that had success with selling a similar unit to an investor at a reduced price with a quality tenant which may be another exit strategy.  

Brandon has BP, Ben Leybovich has CFFU, and others just continue doing things within real estate (PM, flipper, broker, realtor, developer, etc..) to reduce the turbulence.The concept of retiring quickly using RE has been published in blog posts and mentioned in several podcasts but it is oversimplified for mass media production.

Remember: you're only living off the interest without reducing the principle to ensure you don't "run out of money".

Seller is asking $74,500 I intend to make $4,500 on the deal, for an all in total of $79k, the owner was willing to reduce his original price of 79k to account for my assignment fee. 4.

Telling them would subject us to violation of a whole slew of state and federal rules about disclosing non public personal information.

I wonder if @Rebecca Chapa will follow up on @Bobbe Erlinger's public assurances with an update.....

A transaction under $10k can't be an ordinary transaction.I guess it's either some sort of transfer between family members (doesn't have to be non-legit).At tax auctions it is possible to find properties with minimum bids as low as a few thousands but usually these will be redeemed before the auction or will be going up in price during the bid process.If you make a more thorough research you can find out through the public records how the transaction was made and with what sort of financing.

Knowledge both reduces stress, and can give you ideas on how to do this in a way that works for you as a team. 

Both are matters of public record once the lender files and records the appropriate document(s).