Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.

I will eventually look to distance myself from this part of the business and hire a PM.

If you ever go down let me know and I can have our plantation foreman walk you thru the business end.  

Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them. 

I am in the business to make money .Plain and simple . 

My husband is in the construction business and I am a W2 employee.

I am a beginner in this and I would like what basics questions should I check before getting into this business.

I always remember that rockstars know rockstars, so find someone who is a mover and shaker - likely a meetup host - and then ask them who they know.The people doing 100 flips are super busy, so I've also found the best person to find is someone who is a step or two ahead of me...so maybe for you, that is someone doing 2-3 flips a year. 

Their business model is interesting and has a couple different exits strategies when getting a property under contract.

and at least here in central OH they seem to always be slammed busy.