I'll need new electric service, furnace & hot water heater . . . so, all and all, there is no MAJOR renovating, simply getting these 2 units operational. . .If you know of any good, reliable, and reputable contractors in the area, please PM me, or send me their details.

I know it's not all that complicated, but I don't know the details.

See next section for more details.4.

Let's see, you're a total newbie, these guys are PROFESSIONALS, you don't seem to know any details of the financing or the deals.

I work very closely with a very reputable developer.

I learned from the big boys (Commercial developers and contractors) that the three are the best, also you need a good reputable contractor.

Keep one vary important statement in the back of your mind when investing "The Devil is In the Details".

BiggerPockets Forums has a very good reputation because we work so hard to keep the site free of SPAM.Thanks for your message. . .

In this business, it's hard to find trustworthy, ethical, and detail-oriented people.

If you don't have it, get a job and save up some money.If this (flipping two houses for $40K profit with less than $200 cash spent) really can be done, I'd really like to see a detailed account of it.