The exterior needs minimal work.  

I am looking for advice on how to start and where to start just trying to learn all i can before making big mistakes and paying for them later, I am a big believer in education because i know it is the key or shortcut to not waste unneed time.Thanks 

Once again before you waste a trip down here I would suggest linking up with a few local either wholesalers or real estate agents....set up a few calls with people first before coming down.But 19125/Fishtown is one of the hottest area's in the country for investing.

Yeah the Auction companies I have found to be a waste.

Granted, it might be slightly difficult to gain access via an agent as their assistant unless they know you already, but it's a good way to get access if you don't want to be an agent and waste your time and money getting a license just for MLS access, and who wants to keep doing continuing education that means nothing to you?

Hey Shawn,I currently have minimal insurance coverage on the property because it was vacant for a while. 

Learn proper application rates for the conditions to eliminate further waste.

If you waste the extra money, then the FHA loan is also a waste.One final tip: Run the numbers on your primary residence.

This has resulted In very minimal vacancy for me.

We have run into several different scenarios, including a lending company who was working with a 3rd party lender that had "organizational" issues, so, after nearly 3 months of dragging their feet, they were not able to help us (wasted our time, plus the cost of an appraisal).