Whether you want to buy a 2-4 unit place where you live in 1 unit and rent out the rest or do something like a live in flip (where you fix up a house over the course of 2-3 years, move out and sell it to capture a tax free profit), it will mitigate your risk because it is where you live. 

And for those who have a hard time finding good contractors, what would you say is the number one reason it's hard to find a good contractor and what would you suggest as a good fix for the issue?

Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

The inspection is a 5-10 minute walkthrough by a vendor who will take pictures of every room and identify any issues for you to address.If there are issues, you typically have a week or two to get them fixed without there being an impact to you.

How do you discuss an end date or how to fix and flip a property with a GC as a investor?

I invest in LTRs, usually that need to undergo major rehab prior to being converted into LTRs (not a flipper, fix & hold).

Since there's a renter in the house I want this to be fixed as soon as possible, but I don't really know what to do bc the other company's quote already got sent to contractor's insurance.

that have downspouts that terminate at least four feet away from the foundation.Once you stop the water intrusion you’ll be able to see what, if anything, needs to be fixed.  

An estoppel certificate fixes this problem.What you want is a Landlord introduction letter.

A Class properties - you usually don't need a property manager, you just need a leasing agent and contacts to call if something needs fixed/as well as the ability to be cashflow negative for 2-5 years.