You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing.

With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.

There is strong economic development because it is the state capital which drives demand for housing.

For example, with Equity Trust Company, you can establish what we refer to as the Universal IRA.

A mentor to partner and begin developing with him.I haven't seen any good coaching program around here.

Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

You'd be better off building a solid emergency fund and developing relationships with reliable local GCs.

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

What kind of funding can I acquire to develop this property?

This caused a lot of developers to leave the city and has caused headaches for landlords.