The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

He became a contractor, worked hard, and grew a successful business that produced a lot of money.

You will also likely be paying more than more experienced investors as you build your team and knowledge.

Hello Evan, I have helped a number of Bigger Pockets investors build their portfolios in Syracuse and surrounding areas.

Take the effort to solicit contractor recommendations from multiple people.

If you can find a competent and trustworthy contractor, you can make it work.

If you find a good manager, they will help you narrow in on the best communities to invest in, which properties make the best investment, rent rates, locating quality contractors, and more.

To invest out of state successfully, focus on building a strong local team (agent, PM, contractors), automating deal analysis, and using contingencies to protect yourself.

Congratulations to your continued success.That said we would like some guidance on crafting a contract where we would partner with contractor to go in on a flip together. 

Hey There @Dominic Campelo - I am also a fellow General Contractor here in Chicago!