Operations, well, you need a PM/Sup, you need a bookkeeper, you need a good contractor, and you need an assistant to manage other stuff.

Always looking for good contractors.

Hello @Ricky Hernandez,Though I'm not familiar with what is customary in AZ, I'd recommend a home inspector over a contractor/handyman.

Focus on potential profit margins and market trends.Be Local: Understanding micro-markets within these neighborhoods can mean the difference between a good flip and a great one.Network: Partner with investor-friendly agents, contractors, and wholesalers who know how to find and secure off-market deals.Nashville's real estate market continues to thrive, and these neighborhoods are at the center of the action.

Here’s my question; did you inform the contractor before he began work of the $9,000 bid from the other contractor, either in writing or verbally?  

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

The engineer can help with this estimate, but local contractors are the top source for getting this info. 

Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

I'm really interested in hearing directly from professionals in the field: What are main challenges contractors and developers are dealing with on daily basis while building homes?

I'm particularly passionate about wholesaling and/or fix and flips, and commercial properties like RV parks.Outside of real estate, I enjoy watching sports, learning and hanging out with family and friends.Excited to learn and connect with you all!