If you do engage an environmental engineering company to do a Phase 1 report, be prepared for them to recommend a Phase 2 that would involve drilling soils samples as their further action recommended.

As the property appreciates or rents increase, you can effectively phase yourself out of the property and purchase another, all while keeping the same initial mortgage.Newer investors like this strategy because it allows for a lower down payment versus purchasing a "true" investment property (which usually requires higher down payments). 

Try and catch pre-construction so you can have an inspector conduct a three-phase inspection (foundation, frame, and final) throughout the time they are being built.

Can anyone recommend a good ,fair, and insured rehab company or contractor that can handle all phases of a complete rehab in the Wilkes-barre PA area?

Hello all,Ive been on BP for about a year, but am currently in the research phase and have not done a ton of posting.  

I don't think I should do a re-fi and take out the money because there will be phases of this construction project, so I wanted to take out the money when the construction payment is due.  

We are in the planning phase for a development project for a Quadplex in an Oceanfront lot.  

I stayed in the terrified-but-reading-all-the-forums-and-listening-to-all-the-podcasts phase for almost two years before buying my first property.

For my units I use the (to be phased out on vacancy) rental control ordinance in my town as a guide.

Don't skip the learning phase though, you have a great opportunity and if you can ensure you are knowledgeable and understand what you are jumping in to before you actually do it, then you will greatly increase your chance of success.