I want to take some cash and start investing in multifamily properties.It's a 2/2 Condo in a highly desirable location.Purchase Price: $97kOwe: $68kCash Flow (after debt service): +- $250/monthMarket Value - currently selling for +-$150kThe HOA is $450 a month, which is included in the rent price of $1550 a month, so it's not that big of a deal.So I'm trying to determine if it's more beneficial to sell it, take the cash and look for a duplex, or get a 2nd mortgage and take some cash out, since I'm so far in the green.Thank you in advance for all your input!

I have not found any links like the ones listed below for the burbs, but an internet search on the suburban areas you are interested in will give some information.http://www.phila.gov/cityplanning/Pages/default.aspx - Click District Planshttp://www.visitphilly.com/philadelphia-neighborhoods/http://www.ocfrealty.com/naked-philly

Over the past few years I have been observing the property management companies in our area (Vancouver) to determine who is likely to be a good fit for our properties and reflects our preferred management style.Interestingly enough, I've learned the most about property management companies from friends and colleagues of mine who have been tenants.

Our end goal is to determine the ARV and the time it would take to sell once we are finished with the rehab. 

There is not enough information to determine if this is a good deal or not.The 1 or 2% guideline is there to let you know to dig deeper.  

You can buy on the internet at sites like loanmls.com or you can buy from a note seller or by wholesaling from a homeowner that is involved in a lease option or subject to or land contract situation or one of the note schools. 

Frank Houng You can't determine if it is a good deal or not based on the information you gave.

How do I determine the actual value of my property?

Im a 16year RN presently I am ferociously determined in transitioning out.  

What we do have is the determination and drive to make this successful.