I highly recommend going with a bigger brokerage first to learn the ropes, contract language and tricks to the trade.

I have been touring various properties in west (near university city) , north (near temple, brewery town, Francisville) , and south (newbold, bella-vista, point breeze, grays ferry) Philly.

Properties advertised as "University Circle / Case Western area" when they're technically sort of close by but in complete warzones.

I am currently in university for my degree, but would like to get a head start.  

Only because Philadelphia is such a "Block by block" city that some "war zones" share the same zip code as A-B rated areas (Example: 19104 Is the Mantua section of West Philadelphia, but is also home to Drexel, and UPenn (Also known as University City)

Just trying to learn, will an irrevocable statement (mixing another language like an Irrevocable Standby Letter of Credit / Irrevocable SBLC) or something similar of an instrument where both parties cannot take back what is in writing UNLESS another instrument is provided before the original is due.

Pro's/Con'sSpecifically,  Euclid OH Zip 44123 VS, Cleveland Heights 44121, University Heights , South   Euclid VS.

(Note that I said "incentive structure," not "law of the universe."

Thank you both : )Matt - For a foreigner it is very hard to choose an area, especially in a country that New York alone is bigger than my own country LOLIf for example I want to choose an area in my country, it will still be easier even if I'm not familiar with real estate and even if I didn't visit it all (I didn't see most of my country :) ), because I know the language, the people, the rules (!!)

I thought I had read specific language regarding IRS prohibiting a flip, but your explanation clears things up for me.