I’ve watched a lot of videos on how to screen and how to set up work with contractors, so I’m hopeful to build those relationships more in this area in the future.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I appreciate the reminder.

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

Typically, we set up entities in the state in which the property resides.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!

Set up a contracts account at both Lowes and HD. 

I assumed that when I said I needed to rehab the kitchen, I didn't need to remind the contractor that we needed electrical outlets.

You need to set some criteria to help identify your "quality deal."

At the very least you will want to have some general foundations set because with time you will modify processes and the learnings via experience you gain.