If I wait about 10 seconds and then push the pedal hard, there is a hissing sound coming from the front. I thought it was the master cylinder at first but isolated it to the driver's front caliper. I've put close to 2 quarts through the system with absolutely no air.
At my wits end, I put on the old caliper, bled it quick and the pedal is right where it needs to be.

I bled from the top bleeder, the bottom bleeder, as well as tried every trick I could think of. There are no leaks in the rebuilt caliper and yes it is a quality rebuild from PMB.
I'll take apart the caliper and see what I find inside. Again, these are secondhand rebuilds so who knows what could be in there.
If anyone has run across a similar to issue, let me know what you found!