@Lena CastellanoTo prepare for your first real estate purchase next year, explore house hacking options, research rental regulations, network with contractors and investors, practice deal analysis, join local REI groups, and connect with agents.

You will need to build your CORE 4 when you get started which consists of having a great realtor, contractor, property manager, and attorney.

Factor in hard money loans, high contractor bids for rehabs, etc and you have no deal.

NO ONE knows everything, not even the best PMC or contractor.

For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

Contractors.

Do you have any contractor recommendations and can you share their info?

However, every time my contractor submits the applications, the city requests new revisions.

My main questions:Should I hire a general contractor to manage the entire renovation, or would it be better to hire specialized contractors for each part of the project (flooring, paint, HVAC, etc.)?

Schedule a second walk-thru when you are serious about a property and bring along someone experienced or a contractor to look over the property.