If they are struggling to pay rent on time now, imagine how difficult it will be around the holidays.

Unless there are laws or regulations in Philly I'm unaware of but there are very few CRE who WON'T want or require you to close any kind of pure investment property in an LLC and usually we have a more difficult time finding a lender who allows a borrower to close in an investment property in their personal name- you should have no problem with this.Feel free to PM me to discuss if you like!

That being said, partnering with ONLY someone who has little experience such as yourself can be difficult to get much further than you are now.

Also it makes it more difficult that you dont have any experience level or track record. keep looking you will find a lender but again keep in mind your credit score, finances and experience level will all factor that number of lenders that will open up their bank accounts to you.good Luck

My recollection is that if it is your primary home for 2 out of the last 5 years there is no capital gains tax on the increase in value up to a $250K profit for a single person or $500K for a married couple. 

Without knowing the neighborhood it is difficult to determine if it is a good deal. 

I'm aware of the potential to get into wholesaling for less money than flips, but I know that wholesaling can be far more difficult than it seems on the surface. 

inherited" tenants like yours are probably waiting to hear from you, so send out contact emergency info and have them respond and include with next rent payment a updated contact sheet,, I'd make an appointment to tour inside of each unit with condition sheet,, the condition from your date of ownership is now what you use for condition move out.. so once that's completed you now know which unit would be tops on your list to rehab and offer an early out to.. if that's a consideration.. you can of course let all tenants know the rent will increase to $$$ when their lease is up and you are accepting 30 or 60 day vacate notices early, they'll be prepared. 

With your size building,,@ 6 units, I believe if it were me I'd post  Sept 1, to take affect on 10/1 the new rental criteria, / with occupancy,, that way incoming would be set to that number and existing would know they can't add anyone to their leases to be over occupancy going forward, and renewals would know if they are over occupancy you will not be renewing per the new criteria.If it were a much larger complex it would be much more difficult to implement a new occupancy limit for units that may have had 4 people. 

I am from bay area where real estate investment becomes so difficult.