Fast-forward one month to today, I still have heard no word from Philadelphia L&I (even after calling/e-mailing) and I'm ready to start renting it out, but one problem:"The Philadelphia Property Maintenance Code (Section PM-102.6.4) requires an owner offering residential property for rent to provide the following to the tenant at the inception of each tenancy:A Certificate of Rental Suitability issued by the Department of Licenses and Inspections no more than sixty (60) days prior to the inception of the tenancy.A copy of the “City of Philadelphia Partners for Good Housing” brochure issued by the Department of Licenses and Inspections....."

As far as long term, building up a portfolio of cash flowing assets is an excellent path to financial freedom.

Now investors have phoned relentlessly with your low-ball offers, always.

If you don't know real estate, this would be the same for  you if you just want to invest, not wanting to do the work nor learn nor wanting to do option 1. excellent post Ke Nan, couldn't agree more, and Chris, if y'all are working full time, then may be most efficient to maximize your W2 earnings as you are, then plough the savings into Real Estate syndications to get many of the same tax benefits you would get from direct real estate ownership but without all the time investment of dealing with tenants/toilets/and termites etc.

Make sure you utilize all the great tools BP has to offer.

I did a 1031 exchange in early 2022 from a single vacation rental I had into two DST's, each are  300 unit Apartment complexes offered by Capital Square. 

I think you can start at a place like hot pads to see what the listings are being offered for.

I have experienced cash flow anywhere from 10-18% with so much more to offer.

Rates go up, showings and offers go down, and then the inverse when rates drop.There is too much news and anxiety about rates.

This also why I only offer MTM leases.Good luck!