One agent I know in Raleigh frequently networks with local wholesalers and builders.

This requires more frequent payments of smaller sums.

This agreement with your general contractor acts as a roadmap, with clear expectations and protection for all parties involved.One frequent mistake is the failure to include sufficient detail or being too vague.

Did you live in the property during renovation b.) how frequently you renovate and sell properties b.) your intention at the time of purchasing the property.

How frequently is the GP on site?  

If you don’t mind moving somewhat frequently this is a great way to start your portfolio.

I frequent the MKE events.Leverage Your Skills: Highlight your project management expertise and strong contractor relationships when negotiating deals.

The first thing I'd recommend is focus on a market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) travel to/vacation there frequently.

Taste and style changes more frequently in these areas, so they feel dated faster.  

Better materials such as stronger  lumber were used when the earlier vintage properties were built and many  contained design characteristics such as stone or brick work and intricate millwork that are too costly to replicate today meaning many buildings are significantly below todays replacement cost.