Before making a commitment — the absolute best step for you is to understand the actual numbers and the real range of scenarios.You need to:• look at current NOI• model pro-forma NOI after deferred maintenance is handled• compare a seller-note vs direct buy vs trust transfer• realistically estimate capital improvements realistically for 8-units in Philly • assess the operational plan (self manage vs PM)• and lay out the possible outcomes for you specifically (tax exposure + risk + time cost)do this BEFORE saying yes or no — otherwise you might commit to something that becomes a burden or lose out on a great opportunityI know people capable of this type of scenario modeling in Philly if you want some connections. 

I've always realized how real estate can change your life, now I am committing myself to the challenges and rewards.

For my MTRs in the city (Dallas), travel nurses, PTs, and employees on contract with large companies (AT&T) have been booking it back to back for years.

I usually go with the first month’s rent as the security deposit — it helps ensure the tenant is committed and covers any potential damages.

They put a rush on the title commitment, there were no issues.

However, if you're determined to get a deal, I'd recommend doing a lot of the sweat equity and contributing a meaningful monthly amount to show your commitment to the partnership 

-Expected completion: Spring 2028-Funded through a mix of City, State, and private contributions, showing strong public-private commitment to urban mobility and development.

Know and always follow your l/t laws regarding security deposits.

Also, double-check title status, permitting needs, and resale comps before committing further.

I'd keep that tenant on the m-t-m lease until the spring, and then sign a new 12 month lease.