So I basically don't know how to swing a hammer, and I don't think I really have much talent (or natural interest) in learning construction? I plan on hiring a general contractor ( like many do) and then hiring my pro...

Having a team in place is essential to long-distance investing.

**Common Area Maintenance**: Keeping common areas like lobbies, hallways, and recreational spaces well-maintained is essential for tenant retention.6.

Putting together a trustworthy crew is crucial to carrying out effective flips.Manage Your Finances Sensibly: When flipping houses, sound money management is essential.

I suspect that unpaid late fees will also not be enough to trigger eviction but you will want to check.I have found that starting the process on the 5th day of the month for late rent is essential - they may pay late again but getting formal letters to pay or quit might straighten her out.

Could be a good solution here - you can refinance into a 30-year loan with the first 10 years IO (essentially IO since you will likely be able to sell or refi within 10 years) and should generate some cash flow/breakeven and less stress on the financing side

Making $570/mo profit plus at least another $80 in principle pay down. ($650/mo total) is kicking butt for zero dollars invested.There’s certainly no harm in repeating that 9 more times.

So all of my income goes toward paying down the principle.

Do you recommend any absolute hard and fast rules to hold the company to or essentially interview them and then if chosen, let them do their thing?

Despite any initial apprehensions you may have, the process is far from intimidating.As someone entrenched in the lending industry myself, it's essential to clarify that our primary goal is not property repossession.