The property next to me is a 1 acre lot, it has a Well, Septic and Power, but no structure.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

At any given time there are countless C/D neighborhood properties in Philadelphia that can be leased to a section 8 voucher recipient that cash flows well. 

I see you started your own firm as well.

If all goes well, we should be cash flowing right away. 

IF it was not on an auction site none of the information would be known unless you do your own research. they could say its a 3bed 2 bath home and you go buy and its burned down (seen that before). 100% is on the person bidding at auction.

Don’t forget about direct mail campaigns as well.

For first flips better to start with a  small cosmetic rehab  until you get to know the process and the team well.

That probably doesn't work well for rents, and the neighborhood will look beat up in 10 years, when almost every house got sold to investors.  

It takes time and patience, but the long-term benefits are well worth it.I’ve personally gained invaluable knowledge, listings, and deals from friendships I’ve built over the years.The more people you engage with, the faster you’ll achieve your goals!