Philadelphia is a market where investors can perform quite well with proper market understanding but can also be a market where investors suffer big losses relying on bad data.

For the STR loophole, she must meet one of the IRS’s material participation tests (e.g., 500+ hours or 100+ hours and more than anyone else) on a property with average stays of 7 days or less, which would allow losses to offset your W-2 income without needing full REPS.

Do you track service request data over time?

They'll type your criteria into their loan data base and see what you can get.

Other companies such as Zillow are incorporating much larger more modern data bases and are arguably more accurate and up to date.

Quote from @Collin Hays: Quote from @Chris Watson: Just a few additional details to accompany the fuzzy math data. 

All data was pulled via MLS sourcesSales Market OverviewMedian Sales Price in April 2025 reached $380,690, up 4.7% year-over-year.This follows a modest increase of 1.0% from 2023 to 2024, reflecting a positive upward trend in home values over the past two years.Rental Market TrendsActive Rentals rose from 111 to 127, marking a +14.4% increase, suggesting growing inventory and investor interest.Leased Properties declined 15.6% (from 956 to 807), indicating potential softening in immediate rental demand or longer leasing times.Average Monthly Lease Price increased 3%, from $1,896 to $1,953, showing continued upward pressure on rental rates.

It might feel a bit old school, but it works.Another thing we’ve been testing lately is Facebook Ads.

I built confidence on my first deal by running numbers over and over, stress-testing them, and networking with local investors to validate assumptions.

@Jaycee Greene what data do you think helps get deals below market?