Also, always vet contractors, even with referrals.

If you are reliant on a GC how are you confirming all of the sub contractors are licensed and insured?

I expect it to be moderate size rehab which to me means no significant plumbing or electrical and no walls being added or removed.  

Having a good team is important -- especially with lenders, title company and contractors. 

They’ll help you identify properties with strong rental potential, offer access to a network of contractors and inspectors, and negotiate a deal that works for your goals.

The same applies to buying businesses whether it’s online businesses, plumbing companies, or professional services like a CPA rollup.

I'm a stucco contractor here in the Bay area and dont make too much money because of 15 employees, however I drive for Lyft a couple hours a day and believe it or not that got my my first rental last November.

You also have to consider the down time of not renting while you renovate and likely having to fly in several times to check on work, meed contractors, pick up supplies.

Ive done all my research (plans, permits, contractors, etc) and feel like it's a no brainer and a fairly streamlined approval process in my area.

One lesson learned: Create a good relationship with contractor and shop around for the best pricing on materials.