Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.

I chose to convert to a long-term because my time is more important than a little more money.

I hear a lot of investors complaining about the Philly market and saturation in specific pockets, but early there are still people making money on these deals. 

I didn't make much money, but the most valuable aspect of the experience for me was learning how to find crafts people, acting as my own general contractor, and then learning what order in which to do repairs and improvements.

An example of this would be mixing your personal money and LLC money in the same bank account.3.

Probably money to be made, but plenty of risk. 

However - my job is very high paying so I will look to build savings and start making my first purchases.  

I really want to get into flipping houses if not at least working on the in my own time, however; I am worried about the time and money aspect.

Start saving now and work on your credit score. 

Hello We own two lots from our own money in Miami.