I understand hard money can close quickly but if I had the 25% I would just continue to use my portfolio lender who charges much lower rates. 

Spend the additional time & money you would be spending on driving around cheapo buyers who will be getting part of your commission on your marketing & continuing education to attract better clientele.

I am hoping to use the current bid so I can continue with my project, but if not that is fine. property is located in Brewerytown section of Philadelphia and is over 2k sq ft.

Many have posted a few great tips already, that's the cool thing about this forum ;-) That said, I highly recommend using the awesome tools provided here on BP to learn the basics of analysis and underwriting.A few tips to get started and your continued learning:Read Beginner’s Guide.Check out BP Podcasts.Find and connect with other BP members that are in your area.Getting the Most out of BiggerPocketsHow to Effectively Use BiggerPockets to Build Your BusinessThe BiggerPockets Keyword Alert SystemFind upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

BRRRR in order to recycle your capital and continue growing your portfolio.Not to mention infinite returns if done correctly and you get all of your money back out.

We are looking to start out with a few single family homes and we want to use the BRRR strategy (once we understand it more in depth) and continue on.

Lots of agents also spend a good bit of their time continually learning, studying properties on the market, taking classes to perfect their understanding of new laws (hello, smoke alarms in Maryland!!)

Everything takes time so start by figuring out how to get sellers on the phone, while continuously networking.

Lean operations and smart business decisions are important as margins continue to shrink. 

I have been working on this deal for a little over a month, and i have analyzed this multiple times. My issue is that while the cash flow is there, the ltv is not, and the unknown repairs that will be required by the ...