@Craig J Chelette it's hard but not impossible :) I just closed on a duplex in June for 300k (in Provo) , put 10% down with no PMI.mortgage, taxes and insurance $16073% vacancy (vacancy is almost nonexistent in Provo but I wanted to be conservative) $695% repairs (bought the home with everything remodeled) $1158% cap ex $184I did not include PM because I will be managing it myself BUT every property from here on out that I analyze will include 9% PM.$50 other expenses (google fiber)gross monthly rent $2300 (1400 up and 900 down)cash flow $274.39 with a CoC return of 9.27%My realtor found it on KSL - it wasn't even listed on the MLS.  

Acquired on the market, this 4-unit rental needed a full remodel, creating a perfect BRRRR opportunity.

I am a residential remodeling contractor by trade with a solid understanding of the rehab process and a network of laborers and subcontractors that I can rely on, and thus plan on managing this first rehab myself. 

On the remodels I've done, Nash Industries has always done a good job and are reasonably priced. 

I have a few critical questions:1- Do I need permit for kitchen and bathroom remodeling (which includes changing the layout within its boundaries without expanding it)?

Do you get involved in property remodeling and maintenance, track your expenses, and maximize your deductions?

While you maybe flipping, I guess I don't jump to seeing this as a new "world" any different than a homeowner wanting to remodel their own home and having to buy their own insurance...If you have the time to do this, it lets you find and hopefully hold on to the "good" trades, the ones you like and get along with well. 

I do know permit costs on new construction is more expensive vs remodel.  

Im in Orlando & recently had my contractor remodel multiple kitchens.

I was house-hacking and remodeling it at the same time.