@Michael BrunnerIf you've used it as your primary residence for at least two of the last five years, you can exclude the gain on the sale of the property from your gross income, up to $250k (or $500k of gain if married and filing jointly) under IRC § 121.

Then I would come back with a seller profile to my boss and my boss would work out some kind of solution with the seller, it could've been a sub2 deal, a joint venture deal, whatever the solution was. 

Are there any other improvements on the property like fencing, grading, roads, etc.?

If you add it to your balance sheet to improve your net worth then, again, that is not profit.  

what can I offer to them to improve everyone's position?

While it's just as possible that rates could improve tomorrow (after all, if lenders already "knew" that rates were going higher, they wouldn't be wasting their time offering you lower rates today), the classic lock/float quip applies: it's better to lock when you should have floated than to float when you should have locked.

But if you pay attention to where the local government is spending money you may be able to purchase if an area that  will be much improved later.  

As Ali mentioned, the Philly market for MFH is pretty competitive, however if you are willing to put some work in, or invest some capital to make some repairs, opportunities exist.One thing to note, if you buy in the next few months finding renters might be difficult if you do in fact make improvements to the property (as it is vacant).

One is an joint venture on an investment property; the other is online business venture.My journey into real estate has been unorthodox - instead of focusing on acquiring properties, given my distance and lack of funds, I've focused on connecting with the right people and seeing what type of opportunities would come of it.

Since houses don't trade on cap rates but rather sales comps and fewer institutional buyers purchase houses one or two at a time the price to rent ratio has actually improved in comparison to multifamily in Houston.