After inspection it turned out that many places need to repair: roof, electric panels, foundation...

Hello Biggerpockets,I’m in the process of closing on a house in Killeen and wanted to know if anyone had a painter, tile guy and a foundation company (pier and beam) that they have used in the past.

Ceilings for cracks/leaks, foundation for obvious bowing or cracks, the systems (HVAC, H2O heater, electrical box) and go from there.

6% Assignment fee included.This home has been completely gutted and needs a lot of work in the interior, roof, foundation.

Avoid deals where it requires a new roof or foundation, they are most costly.

I am not sure how much experience you have investing but you need a solid foundation before you build a house.

Otherwise, some book recommendations (these include mostly books on business/lifestyle or buy/hold investing):- "E-Myth Revisited" by Michael Gerber- "Rich Dad, Poor Dad" by Robert Kiyosaki and Sharon Lechter (this provides a more foundational perspective on money)- "Cashflow Quadrant" by Robert Kiyosaki (further builds on the "Rich Dad, Poor Dad" foundation)- "Set for Life" by Scott Trench- "Long-Distance Real Estate Investing" by David Greene- "The Book on Managing Rental Properties' by Brandon Turner and Heather Turner- "The Miracle Morning" by Hal Elrod-"HOLD" by Gary Keller (geared toward SFR)-"The ABCs of Real Estate Investing" by Ken McElroy (geared toward commercial investing)"Multi-Family Millions" by David Lyndahl (This is on my list of "To-Reads".  

@Adam Schmitt You are building a strong foundation and leading your family in the right direction.

I may purchase the properties upfront by cash, say 25K, however I need a loan to fix it up, prob a hard money lender which is the only option I can think of. the house foundation is 750 sqft big that also limit the ability to expend, unless I build two floors. the ARV could be 100K to 130K. 

New roof and windows needed along with some minor foundation repairs.