Going From Investor To Contractor. Advice?

[Chris Wyche]

So I've been hiring contractors for the first 7 rehabs I've done, and I've learned a lot about the construction process. A carpenter who does work for a contractor I recently parted ways with recently gave me a call and said "If you have any work, let me know." He's a great worker too. I've amassed a pretty good contact list of plumbers and electricians. I could use some more HVAC guys and roofers... But nonetheless, I think it's time to cut out the middle man and start making some more money by managing these guys myself. Any advice on making a successful transition? Liability issues? Any other issues with starting my own contracting company and pulling my own permits?