Contractors often run over time, and having a contingency plan in place both financially and logistically, could help you avoid a major dip in profits.Second, screening contractors more rigorously or, as you mentioned, running as owner/builder to control subs directly can help you keep costs and timelines in check.

Hi Giman, I think your approach is solid if your current property's equity allows for a for a full cash purchase.

The previous tenants have lived there for 16 years and have never mentioned mold related issues.

Stockton has been mentioned but there are some high crime areas.  

He simply wants to be 100% done.Given the above mentioned scenario, I am wondering what the best possible situation would be to make this happen, while possibly still maintaining the option to pull out equity for capital improvement projects with a bank. 

The few lenders that we spoke with are having a hard time finding a DSCR loan as mentioned by many of you in the discussion. 

We also need to get more than 50% of the units rented so the cash flow is better and we can afford a PM, if that’s the route we go.One thought would be to be classified as an employee of the different property LLC’s while we accomplish the goals mentioned above, in addition to managing day to day things.

Originally posted by @Katie Valladao:i want to schedule a call with them for the $150 fee to get the roadmap, but what is the $10,000 price tag mentioned above for?

They also require less time compared to owning a rental outright.The reasons that I don't like REIT's as you mentioned in your post is that they are not efficient from a tax standpoint.From my understanding, REITS pay ordinary dividends and not qualified dividends.

Like I’ve mentioned countless times here on the BiggerPockets forums, wholesaling is all about sales and marketing.