I've done some extensive top-down research on attractive cities for single-family or small multi-family (duplex, triplex) buy & hold rentals and Philadelphia has come out on top.I'm looking to understand what would be a reasonable gross cap-rate to expect when investing in Philadelphia given a budget of $150K - $200K.

Points to consider;- I do not see any maintenance budget included; appliances, leaks, landscaping, pest, trash, snow, etc.- Capital Reserve for roof, heating systems, AC(?)

Hi,I'm  interested in investing in  a duplex to live in and also rent the other unit in the grand rapids, mi area. what is a good area to invest in for a budget of $250,000

You start tapping into event crowds, reunions, business travel, weddings, birthdays, holidays, etc. 

The allowance for monthly routine maintenance is 6%(All good), What's the budget for Capex? 

Then you have the typical docs, rehab budget, entity info (they require entity closing), proof of funds for liquid reserve 6 months interest only payments and rehab amount I believe.They require an After repair value appraisal that must meet certain LTV's.

The renovations are typically major renos with budgets in the $200-$300k range, so they're not for the faint of heart or an unsophisticated investor.

Having a project that would be close would be very convenient and more budget friendly.

I have put together a rehab budget of $128,500K.  

Luis Moreno Purchase: $84.5kReno budget: $52.6kListed @ $189k; 10 offers in 24 hours = bidding war!