Networking here will help you learn, build relationships and meet other investors who share your dreams and desires.

I set the value of my time based on my experience, knowledge and my ability to complete the project on time, on budget and at the level of quality you desire.

Buy in desirable neighborhoods, rehab to a standard that you would want to live in the rental. 

When you're ready, here are some good DO's and DON'Ts when getting bids:DOWrite out a detailed scope of work that outlines exactly what you want to do.Clearly define what (if any) materials you will buy and what the GC will supply.Get multiple competing bids.Check GC references, call past clients of theirs and possibly even ask to see their work.Closely analyze each bid and ask a lot of questions on things that are not spelled out.Ask each bidder for an anticipated schedule for the work to be completed.Ask each bidder about their desired payment terms.Sign a contract/written agreement with the successful bidder.DON'TWaste people's time if you're not serious about hiring them.Walk the job with competing bidders at the same time.Assume that all GC's will see the work happening the same way.Pay large sums of money in advance unless it's justified.  

I am an electrician by trade and own a 1916 home myself so the commonly frightening buzzwords such as "knob and tube", "plaster walls", and "asbestos tiles" don't carry quite the same weight with me but it will be nice to have someone who is as objective as possible.If you feel comfortable answering, could you share what you budget for repairs on these older properties?

Or has the change in occupancy allowed me to back out if I desire?

One condo association I own a rental at has a different angle the dog policy (max weight and number of dogs rather than breed) that I realize now could achieve the same end without getting too far into the restricted breeds lists and some of those issues (like mixed breeds, ones not named, checking pedigrees, etc, etc). 

I do understand how that's rather desirable, giving you better cashflow, an exit strategy, etc.

We plan on listing it for sale in January 2017 again but he keeps stating his desire to purchase.

"Less desirable" properties are many times entered incorrectly by agents, and human error can work in your favor =)