If it is going to be your primary, conventional lenders will require 12 months seasoning. 

Contact a conventional mortgage broker and determine what you will be eligible for.

i have done several BRRRRs and have a mix of conventional and DSCR loans. 

Then after a year refinance into a conventional since most experts say they will drop by that time, and do it again. 

Take inventory of similar projects in close proximity.

Things to consider are pretty simple, if you can find a property jump on it, there is extremely little inventory and it is highly competitive with the majority homes on the market selling over ask in very few DOM.

Even with low inventory, they have found lots of success in the Cincinnati market.

This has contributed to lower inventory as sellers are hesitant to walk away from their historically mortgage costs, but the start of the pandemic era rates is now four years ago (2020) and life events often eventually force property sales.

Obviously this is an overall average but on the surface these numbers describe a typical West Philly, Olney/Ogontz, or cleaner North Philly deal, which from my experience make up a majority of the inventory available around that price point.What are everyone's thoughts on the health of the Philly market?

In my current analysis, I'm (trying to) take that into account during our "move out event", including converting to a conventional loan, renting out both units, etc.