Have you checked https://atlas.phila.gov/ to see if the zoning is correct?

Check out DSCR Loans - heres a guide published on BP that should be helpful.

I checked for you and in a high appreciating zip code there is only 1, off market 4 unit building for 178K and is likely in need of big repairs. 3.

It sounds like others have been happy with Stessa and Ren Redi so I'm going to check those out.

It’s much appreciated.I’ve checked out the new build options and it turns out I would ultimately severely price myself out as far as comps in this neighborhood.

Listen to podcasts like "BiggerPockets Podcast" to learn.Find someone experienced to guide you, like a mentor.Try living in one part of a multi-unit property and renting the rest (house hacking).Check out Real Estate Investment Trusts (REITs) for investing with less money.

Check out BP Podcasts: https://www.biggerpockets.com/podcast Best of luck on your REI journey.

Drive out there, check out some of the neighborhoods. 

Check your state property management statutes.

I just wanted to check - is the property management company correct in what they are threatening?