Very few places in Philadelphia can you build 15’ wide homes and generate the out-sale price per square foot to justify  the cost of new construction, and doubt you’re coming across parcels in the correct neighborhoods at tax sales.I recently underwrote a parcel where I could have built (22) 18’-6” wide townhomes  and ultimately concluded (15) homes between 25’ and 28’ wide generated substantially more revenue against cost.

Quote from @Bailey Rankin: Switching from real estate photography with wide angles to up-close vignette photos.

Great question, and you’re asking all the right things early on.From a tax angle, turnkey properties can definitely make sense if you want something hands-off, but they usually come with smaller write-offs upfront.

The reward is you can pull most or all your money out here and continue to buy and build up equity in all angles + potientally cash flowing.

Is there a reason you're looking so far and wide, or are you just looking for good deals?  

I'm trying to think of different angles to make it work because the idea of house hacking and moving out and having renters cover the mortgage as the home appreciates seems awesome to me, but accounting for all expenses, I'm struggling to get even close. 

It shows I’ve thought it through from both a construction and investment angle, which usually makes lenders a lot more comfortable approving the deal. 

In our club, we’ve found that having members with different experiences and skill sets actually strengthens the group, everyone helps pick deals apart from different angles. 

@Adam Ashley, Great answers so far, and yeah, totally fair question, the Bay Area is one of the hardest places to make traditional BRRRR numbers work.From a tax angle, a lot of investors here pivot their strategy instead of walking away from the market entirely.

It weeds out the time-wasters and saves you headaches.If you haven’t already, get a few bright, wide-angle photos.