According to local market data:The average rent increase has been approximately 4-6% annually.Neighborhoods similar to West Philadelphia have experienced even higher growth rates, particularly in areas with new development and improved amenities.Demand remains high, driven by a student population, young professionals, and an influx of new residents seeking affordable living options within urban settings.Value-Add OpportunitiesThe property’s garage provides an excellent value-add opportunity.

In cases where the renter needs help with credit score improvements, how to attack and manage this improvement.

Don't walk through your park thinking how you are going to market it and improve it. 

Two main buckets: the building itself and capital improvements.

Over the years, I’ve noticed something interesting working with investors:The biggest tax mistakes usually don’t come from shady strategies or bad CPAs…They come from poor recordkeeping and timing.Here’s what I mean A lot of investors don’t track which expenses are repairs (deduct now) and which are improvements (depreciate later).They toss all the receipts into a box or an app and hope it sorts itself out in March.Then when tax season hits, they realize half of those costs could’ve been handled differently — maybe deducted sooner or even structured better if they’d planned a few months ahead.The IRS doesn’t just care what you spent… it cares how you report it.

Review Capital ExpendituresEnsure large repairs and improvements are logged correctly.

Examples of prohibited transactions include personally using a property the SDIRA owns, selling property you already own to your SDIRA, or doing your own repairs or improvements on the investment property.

Think “hotel-clean, home-comfortable.”You’re basically doing what most landlords should do: small, thoughtful improvements that make the tenant actually want to stay longer and pay a little more.

Quote from @Frank Borzen: Quote from @Jules Aton: Wow“Improved compliance capabilities to help local governments enforce their short-term rental laws.

Are these actually any improvement over a well formulated Excel spreadsheet?