I am committed to managing the project diligently, ensuring that every aspect of the rehabilitation process is executed with precision and efficiency.I am open to discussing various investment structures and terms that would be mutually beneficial. 

There's no set point to stop; it depends on your investment goals and tax strategy.Considerations: Consult with a tax professional to tailor this strategy to your specific financial situation, investment goals, and long-term plans.

This might involve updating certain aspects of the property to meet modern standards.Permit Acquisition: Obtain all necessary permits from the city, which may include demolition permits, building permits, electrical permits, and plumbing permits.Restoration Process:Debris Removal: Clear out all debris and damaged materials from the property.

Understand the financing options available for first-time investors and explore FHA loans or other programs tailored for owner-occupied properties.Networking and Mentorship: While you're already connected to Bigger Pockets, actively seek out mentors or local real estate investor groups in Missouri.

Factor in property taxes, insurance costs, and maintenance expenditures to ensure your investment aligns with your financial goals.Take Advantage of Financing Options: Explore FHA loans for owner-occupied properties or conventional financing options tailored to multifamily investments.

- Are there any red flags or cautionary aspects I should be aware of?

The examples were very real world and they even provide a lot of excel and word tools for different aspects of the process that I will now use moving forward.They have more that covered specific parts such as project management, development, property management, etc.

They typically have their own contract and can tailor it to your situation. 

Daniel, like others have said, many use Quickbooks that can be tailored to fit the rehab business.

I'm also a CPA and love the accounting aspects of real estate, probably more than the real estate investing itself!