A good team (agent, contractor, lender) is also going to be key.

Now most new investors forget that they need to front the contractor like 10k to get started. 

This Spring the inspection scheduler "Beverly" retired and the whole program moved to a 3rd party contractor out of California who now handles scheduling (with the expected miscommunication and inability to make quick decisions resulting).I have been a supporter of LMHA and the Section 8 housing choice voucher program here in Toledo, Lucas County, Maumee, Perrysburg, and surrounding areas but the program really is now costing far more than we get out of it.

You need to be extremely thorough with your scope of work, and unfortunately the sun porch was not salvageable, but fortunately the contractor helped knock it out of the park and the home looks amazing now!

However, the City initiated the “Buy Into Baltimore” open bid program (which we’re interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it’s tough to know where to start.

Because you'll be the titleholder and you'll be hiring the sub-contractors, you'll be co-responsible for what they're doing.

To start, connect with local agents, wholesalers, reliable contractors, and networking groups.

Next is to start building a strong network of local contractors, property managers, agents, lenders, and attorneys—they’re key to keeping things moving smoothly.

Do all contractors or PMs give you an Additional Insured insurance letter? 

Tenants & contractors always claim no one called them or they called and no one got back to them.