A few thoughts that might help:Taxes and zoning vary a lot by neighborhood, so checking city assessments and zoning overlays early can prevent surprises.Scope and budget management are crucial right now—materials and labor costs are high, and a vague scope that leads to surprises or a problematic contractor can tank your profit margin fast.Many Philly contractors are sole proprietors juggling multiple jobs - some better than others :-), so clear expectations and a good team really make or break a project.Permits and inspections can add time—something to build into your plan.

You will need some remediation to prevent mold. 

It prevents a homeowner with a large house from renting rooms to multiple unrelated people. 

An expert can also help you identify the entry point you might have overlooked and suggest ways to prevent future issues.

I have experience with multifamily solar projects and how to implement it in a way to be both profitable and pass a savings to tenants (regardless if the building is master metered or individually metered). 

Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.

Implementing this will help us avoid any potential fair housing issues.Establishing clear, consistent standards will ensure fairness and transparency to all decisions. 

It prevents me from transferring money to my crypto exchanges and I end up wiring money, which gets expensive.

Here's how we handled it:Carpet removal to prevent mold and speed dryingIndustrial fans and a dehumidifier brought in immediatelyDrywall and baseboard cut 6–8 inches from the floor (no moisture detected with a meter, but we didn’t want to risk it)96-hour drying period with equipment running continuouslyDrywall & painting contractor brought in for a full room (and full house, once we committed to a complete re-pipe)New carpet and padding orderedRe-pipe scheduled and completedThe Cost Breakdown:Carpet and Padding: $527.84Drywall, Trim, Paint, Finish Work: $2,200.00Paint Supplies: $87.70Full Re-Pipe: $5,242.20🔻 Total Out-of-Pocket: $8,057.74Yes, we’ve submitted an insurance claim and are optimistic about some coverage, but this situation reinforces a point I think many newer investors overlook: you must be well-capitalized.The Reserve Rule We Live By:We personally aim to keep a minimum of $10,000 in reserves per door.

Detailed Summary: In June 2023, WealthAbility swindled us out of TWENTY-FIVE THOUSAND DOLLARS with the use of deceptive practices, false promises, and largely inaccurate claims of providing a "full-service" detailed and customized wealth and tax strategy plan, guidance for plan implementation, tax preparation and filing, and much more with a rigorously vetted CPA and support team.