@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).

@Jorge Caceres Is this with electric baseboard heaters or  heat pump/minisplits.

Typically, since I'm well connected because of flipping, HVAC, roofers, lawn care, carpenters, kitchen & bath & plumbers and electrical all are good sources.

A crime in a low crime area may be media worthy but the same crime in a high crime area may be just another day.in my neighborhood (poway), kids playing doorbell ditch or riding 3 on an electric bike warrants posting on social media and dozens of comments (no exaggeration).  

Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.

For a total gross rental income of $3,300.PITI will total $1,364$561 for 5% maintenance, 5% CapEx and 7% vacancy allowance (HomeRoom gives 10% vacancy as a general estimate but my property is the best location of all the Indy properties, close to downtown and UIPUI campus, and discounted compared to room rates at other houses so I don't expect 10% vacancy) The house just underwent a complete top to bottom gut reno with new everything including roof, sewer, electrical, appliances, etc, so I'm budgeting low for CapEx.$495 for 15% property management.That puts total expenses at $2,420, out of GRI of $3,300, for a monthly cashflow of $880 (11.7% CashROI).This also leaves plenty of room for future rent increases.

With that in mind, you'd also have to make sure the land you'd buy has water and electric running to it already.

The only thing I don’t do is electrical work.Now that I’m in the U.S., I want to focus on house flipping as a way to break into real estate investing.

The property does have heated radiators through out each unit. everything is separated for each unit electricity, gas, and window units in each property.