What would be interesting, is if you placed in the body of your Airbnb description texts something like:  "Please be aware that Airbnb assesses a 15.5% service charge on all reservations, which is then included in your total price."

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. 

If not look at their dumpster contract and get quotes from other waste mgmt businesses. 2. assess the drives. 

You’ve got two parallel plays: 1) The condo: don’t move a dollar until the HOA gives a written green light on your desired rental type; if restricted, price a sale vs LTR hold and include dues, special assessments, and an off‑ramp if they delay. 2) The house‑hack: use the bank grant plus your cash to target a small multifamily you can live in; lock financing first, verify rents in writing, and buy light‑rehab so you’re not managing two rehabs out of state.

I’d suggest researching neighborhoods that balance appreciation with rental stability and building relationships with local PMs early so you can assess property performance before purchase.

I then see people see them sell due to high assessments and HOA fees that they didn't see coming.

Can you share the average nightly rate and asking price so we can assess the ROI? 

There's no substitute for boots on ground assessment as block to block varies.If you're using a good property manager they should be able to guide that for you. 

Equally as important, they have local knowledge and experience which is incredibly important if you take on construction/development deals because **** happens and they are more inclined to understand what the borrower is dealing with and work with the borrower on a solution.Case in point, I've had national fix and flip lenders fail to comprehend subdivisions and implications on land re-assessments/incorrect tax bills holding up draws.

🏠The solution path:🔍 ASSESS the lien situation and available options⚡ ACTION through proper IRS procedures🛡️ ASSURANCE of clean title transferSource: "10 Fun Facts About Federal Tax Liens" by Latra Szal, President, Texas National Title#TaxLiens #RealEstate #TitleInsurance #IRS #RealEstateClosing"Bruce D.