Second question is, if we don't live in the city we will invest in, we understand we will have to be traveling often, but who could be a good person to check in on the construction so we don't have to go every week?

I need all the friends I can get since I currently only know one person (who I don't really know).

Any insights, advice, or personal experiences would be greatly appreciated!

I love finding VA Assumption Loan deals and have personally secured one so far as a rental property with a 3.3% interest rate. 

I personally focus on DSCR investment loans and creative investment financing strategies, so I am happy to connect with you and talk about a game plan.

Not worth it if you have to feed the thing.But again, what are your personal goals to investing.

In fact, New Jersey law prohibits you from listing personal identifiers on the form. 

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

You absolutlely need to be direct to seller or have close, personal relationships with wholesalers and active agents.

Also consider when you sell house with seller financing to owner occupied person as their primary residence you cannot balloon per Dodd Frank.