As long as you have a mortgage that doesn't put you under water, you should be able to hold on to property forever.

The sewer and water lines from the street to the house may be old and needed to be replaced.

I was looking for the answers on the Philadelphia Water Department Website but I am confused about what the minimum requirements are that will allow myself and my developers to benefit from the 25% density unit bonus. 

Electric, gas and water will be on. 

@Casey Waters talk about some creative financing!!!

Uncharted waters so not sure what we can and can’t do as landlords but just my opinion.

When waters get choppy there is typically a flight to more safety and experience for guidance on how to navigate and succeed.Even if the technical side was built out to perfection with a program real estate brokers and agents would still be needed.

Find out if any Developer paid for Goodies must be thrown the city's way (for this project)--new traffic lights, road widening, water/sewer size increases, etc...8.

Our current skillset complements real estate investing quite well, and we feel that this deal might be a great start for us.I have a 750 credit scoreI have $75,000 in capital liquidI am newly self-employed (6-months) without a business history most lenders look forI have not submitted my 2019 tax returnThe deal currently priced at $190,000Each unit is currently rented for $1,000/unitThe annual property taxes are $11,382Current owners insurance is $3,000 annuallySewer and water is $4,054 annually (ALL other utilities paid for by tenants)Current gross rental income = $48,000Estimated annual expenses = $18,436Estimated annual profit = $29,564I would love to hear some advice/feedback on where we should look to for financing.Thank you, anything and everything really helps.

We had issues with our hot water heater that took almost 2 weeks and a lot of money out of our pocket.