Shoot, that is correct, completely forgot that could take longer and in my opinion i though that 90 days was ok, but you right from the time we can do showings and people get their paperwork/money together we could be talking about 60-90more days, thanks for bringing it up Bob..

80% Cash Out No Seasoning3 Month Seasoning6 Month SeasoningShort Term & Long Term Rental OptionsVacant OptionsManufactured Home OptionsSome lenders will do 100% of your purchase price + rehab costsSome lenders will do 120% of your purchase price + rehab costsSome lenders will do 140% of your purchase price + rehab costsSome lenders will allow for PadSplit PropertiesBuying correctly with hard money can also allow you to get your cash back from the hard money loan so that you can do a Rate/Term refi with almost all lenders having no seasoning and getting better rates due to not being a cash out refi!

Also, I don’t believe that their management has any direct equity (correct me if I’m wrong).

My assumption was that this was our way to work around using a bridge execution early on, but correct me if I am wrong here.

This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods.  

It is also why such neighborhoods are most likely to appreciate because those who own properties in these neighborhoods are on the correct side of the supply/demand equation.Since your post is focused on Philadelphia, the city has good fundamentals...strong Ed's & Med's, good accessibility to both NYC & DC, own port, international airport etc.

Million ways to make great money in RE, but communication and work ethic are paramount. 

Obviously, they should use the correct type of paint when they do it.

Quote from @Doug Stankavich Stankavich: Update from my limited experience: My brother-in-law no longer works there due to very confusing and shady communication or lack thereof. 

During our first deal we'll look at communication and regular updates.