Seriously though having an abundance of people in a industry who are clueless makes it that much more profitable for knowledgeable people. 

Market rents are increasing in many areas of Philly (along with the property taxes), but there are still surrounding low income neighborhoods where 30k houses are abundant.

I know there are an abundance of avenues that do not require your personal funds however for me working and saving was all I knew to do at that time.

wow, good job getting so many replies...I have been a part of 4 successful contracting companies and have successfully completed over 4 dozen flips with 3rd party contractors, It's not a cookie cutter scenario, if you're just starting out or in a remote location your option may be limited, but if you're in a contractor abundant area and you have some experience and credibility then NEVER pay ANYTHING upfront you must lay out your SOW on a detailed schedule and have that contractor agree. sign. and execute on that agreement at a 200$ per day fee if its not met.