Investor to play GC?

[Edward Moore]

Hey BP community, I am just getting started and would like some input. 

I am trying to get feedback on other investors experiences (good and bad) with acting as the GC..

I understand that your time is more valuable to build the business etc. But at least initially, till I can build a good team, I will be more hands on. 

The plan for my business partner (an agent) and myself (a commercial GC superintendent) is for me to run the work, and he finds the deals.

I have read that up to 30k rehab budget you don't need to use a GC. But if you go over that, you "legally" need to use a GC.(At least in NC)

Thanks in advance