Taking advantage of economies of scale, cheap agency debt, and competitive building costs to buy a new product that will have low-to-no maintenance costs for several years thanks to builder warranties and new construction.Rental demand is strong, with millennials reaching prime housing age, while strapped with student loan debt.Mulitple exit strategies make exiting the deal in 5-7 years flexible.

In my opinion, you both appear to be starting off on the complete wrong foot unless your dream is to spend the rest of your life strapped to a job and on the edge of financial ruin.

@Ingrid J. thank you .. to answer your question about construction codes .. for the most part you dont have to know every code thats what you hire a contractor for .. construction codes are what the state or county ( that you are doing rehabs in ) deems the minimum requirements in the building or rehab .. ie .. in Florida when we redo a roof we are required to bring it up to and current standards ( code ) like hurricane straps on the trusses to the walls and straps from the walls to the foundation .. if i am rehabbing a house that was built before they required those hurricane straps then when i pull a permit to put a new roof on then the enforcment officer is going to check to make sure i installed them before signing off on my completed permits .. 

This may seem like a flippant remark, but get a copy of Mat Sorensen's "The Self-Directed IRA Handbook" from Amazon and read through the case law summaries he includes in the book. 

But most dont, especially at the lower price points where buyers are cash strapped.

First, the tenant had an office chair that he did not use a mat with (even though we had a lengthy discussion regarding the carpet before he moved in and using a mat specifically) which created a worn ring in the master bedroom as pictured.  

Originally posted by @Ryan Lott: I believe you'd want to save siding for last along with the appliances. no. do siding before the electric is done. once the siding is in place the electrician will come and install/replace what's needed outside. service, straps for ground rod, pole etc. all that will be attached nicely to the new siding.

I've got some personal cash to invest but I'm hesitant that once I make a purchase I'll be cash strapped or won't have leftover cash for repairs, etc.

If your strapped for cash, do it yourself if you have the skill for each upgrade needed.

Hi Jay,If someone is conducting professional real estate activity without an active license OREA can issue a civil penalty ORS 696.585/ 696.590. https://www.oregonlegislature.gov/bills_laws/ors/ors696.htmlYou can also look at ORS 696.301 under grounds for discipline.I followed up with a big wholesaler I had lunch with today  OR should I say flipper because he actually buys at courthouse then flips.. he thought there was no monitary pentalty but there is a modest one.but if the DRE in our state thinks its agregious you can see in these statutes they can take whatever PROFIT a wholesaler made as well as a fine and your legal fee's and your cease and desist.again thought I really think this is state specific.. some states they could care less even though your breaking the law others like OHIO FLA CA OR NV they will enforce I don't know about others though.so for those that teach assigning contracts or selling real estate you don't own in any manner and saying its legal in all 50 states that's just not true.. and again I just did this little bit of research that took me all of maybe 30 minutes to find out.. but my state is pretty nice they will e mail you back.. maybe other states just ignore you.. but I would not rely on attorney only.. as I stated that has cost me a bunch of money.laws are at their base also opinions and an attorney can have one opinion and he is write the state can have another and they are right but who wins  I think we all know the answer unless we are Google or facebook and want to go to the mat for it.. or like UBER who just steamrolled the taxi laws.