Another item to think about on this when getting into flipping or rentals in smaller communities is the vendors or contractors that are in the area.

Your Accounts Payable department cuts checks for those contracts, directly to the contractor, through the accounting system. 

On the flip side, some challenges include rising material costs, contractor delays, and unexpected permitting hurdles—so having a solid plan and reliable team is key.Would love to hear more about your strategy!

Also the contractor selection will be key.Everything involved in historic renovation comes down to experience and communication. 

They have trusted contractors.

I'm a project manager and have a team of over 60 contractors that have all undergone a 5 step vetting process.

Anthony id take your offer on meeting new contractors man are you looking to do more fix and flips?

Even if you venture into new markets where you're not the local you can still find those partners (brokers, architects, engineers, contractors, lenders, etc.) who are and have the deep roots and insights.   

The partners between a realtor like myself (proficient in renovation experience), a general contractor, usually a loan consultant to support the buyer and the lender, (along with a buyer and seller of course) are the parties involved.I come across so many homes perfect for 203k or HomeStyle buyers, on and off-market, it isn't funny.

@Kwanza Price tips for managing contractors:1.