Partnering with a strong team—such as a knowledgeable realtor, property manager, and reliable contractors—will also be key to your success.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

As an investor myself, I need to be creative in sourcing deals so I connect with realtors and contractors who may have access to deals that aren't publicly listed.

2) Claim they've never heard from the contractor.3) Claim contractor rude to them or assaulted them.4) Ask for a different contractorContractors will also play similar games.SMS Groups probably the best.

It's unreasonable to expect the PM to drive 90 minutes to look at every job before sending a contractor.

I was thinking ​some type of homeowners policy, I didn't think about builders risk.You're very welcome, Stuart made an excellent point about having contractors add you as additional insured.

Take this opportunity to upgrade your plumbing and electrical if needed. 

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?  

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 am no contractor by any means. 31 years old.