It would probably be worthwhile as it seems like you have the funds but not a good grasp of how to best handle them to achieve the greatest benefit.

I was hoping to start meeting some local people to get a stronger grasp of the local market.

@Luke Millet I would check out comps from the area, try to find out the last time the property was rehabbed, and have a strong grasp on the potential rents you could demand.Comps will give you a price range in your area for new and outdated properties.

Residential financing has a lot of complexity, you cannot grasp complexity without the experience associated with doing transactions repeatedly.  

Edgewater I will need to check out...have been up around Midtown and Wynwood quite a few times but never had a full grasp of "Edgewater" although I'm guessing I've passed the area once or twice. 

Obviously we need some deeper digging and get a better grasp on all the numbers before we make any move especially when its critical that our first one goes well. again thanks

As for Philly investing, I'd get more specific and start with a neighborhood you're familiar with, get to know the market there extremely well by tracking listings daily, getting a grasp on value, get your downpayment & financing in place, and be ready to pounce the second you see something you like, its a competitive market.

Many are just trying to grasp the scope of the entire situation.

If you grasp the number and mindset of investing you on the right path already. 

I see I can take action by going to open houses and analyzing deals so I’m just trying to get a grasp of understanding.