Engelo for what AU folks should look for and expect..

Just as there are no requirements to use a short term rental license agreement there are also no requirements to not use them.If you are talking str where the STR is illegal then I agree.

@Matthew BanksLeadership and systems are required for scaling.

The building will be 4 stories tall about 12k square and will require an elevator.

@Maryam Mostafa chasing a 12% Cap will require:1) High risk properties Class C or D2) Getting lucky and getting the property under market value3) Doing a LOT of hard work to find an owner willing to sell under market value4) Doing the above to find and reposition a poorly managed propertyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

Thank You For a project of this nature, you're also going to need and Architect & Engineer on board for filing, permitting and required inspection... along with a slew of other things to be aware of.

Ability to post vacancies in the softwareI found that Innago was the only one to meet all these requirements.

Something else to consider is your current financial position as construction/renovations requires capital. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

There are alot more local folks for detailed Philly questions