@Ryan Swan - Sure the property is just south of Indian School road - 3905 N 13th Way.

@Chris K. mentioned the 89-11 transfer; Philadelphia has some recent regulation changes to make it more difficult to avoid the transfer tax; see pages 9 and 10 of link below.https://www.pabar.org/public/sections/tax14/pubs/n...

There was an...incident...where we had to replace a T&N Mattress same day with an off the shelf model from a local mattress store due to the guests having 4 more days at the property but it's universally disliked by guests vs. the T&N ones we have in every other bedroom. 

Here is a deal that we are closing on in 53218 at the end of the month and we are getting financing, Trulia Green, off N 76th & Hampton, 4-bd, attached 2-car garage, purchase price $42k, seller pays closing, roof, furnace & WH less than 3 yrs old, the AS IS value just formally appraised at $81k.

We are still busy we recently acquired a SFR for 160k with an ARV of 240k in N PHX and we got this off the MLS.

That's bascially, in my opinon, the difference between fix n flip, and buy n hold.

N'

I bought 3 more turnkey rentals from mine after we got caught in 2009 with trying to sell a fix n flip we had partnered on during a precipitously falling market.

This is n Hawaii that has humidity and even the window unit drains out into a large tub on the lanai that has to be emptied often.They do have a lot of these in Hawaii houses but then they can drain direct to the outside. 

I just wanted to 'repost' this from way up at the top of this forum thread for those who have not read the whole thread, as I think this is potentially a HUGE tax advantage of buy-n-hold real estate investing.