Why not joint venture with someone who has money, fix & flip itWhy not rent it out for at least the monthly carrying costs.Why not sell it on a lease option, get 10% cash up front to fund school? 

I have a property in Philly and thinking of renting to the program@Serina Bellamy, Inspectors would fail items that were previously passed during prior inspections.

Reassess whether you need the home warranty, flood insurance, or other items.

When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

EXACTLY Darius its well known in those circles  this is why the state of PA is coming out with new laws that will clearly define how the lease option works and treat it more like a seller carry back with Dodd Frank protections.. 

The other contractors that I have worked with gave me a full scope with detailed line items of what will be fixed, how much the labor is and how much the material is going to be.

Taking real time notes on deficiencies allows for clear understanding if the items make their way to a buyer repair addendum.

One important item to note about bids: most smaller contractors are terrible at estimating.

But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.

Most new construction deals require you to give up to a 10-year warranty on some items while most fix and flips come with very little extended liability after the sale excluding gross negligence which is not stopped by an LLC in any case.