I plan on handling most of the cosmetic updates and mechanical repairs, to a point.

What size/type of contractor crew should I put in place to get things going (for 1-3 fam heavy cosmetic that does not require structural work, $300-500k ARV)? 

Bottom line....nothing is "grandfathered in" usually, inspectors don't care about holding costs and there are very few cosmetic only rehabs that don't require some sort of inspection.

AND. ..if property also needs some rehab- new roof, some unit cosmetic repairs?  

In addition, minimal cosmetic upgrades, painting, new décor and new flooring will add more value relative to its cost.

You could start with something that needs cosmetic updates rather than a full gut renovation to reduce your risk.Balancing Income: If your current job doesn’t provide a high income, leveraging real estate to supplement that could be a smart move.

If it is just cosmetic purpose rail road retaining wall I would like to get rid of it.

Hi @Brian Levredge- Since Chattanooga is my market of interest in a very near future, would you mind sharing with me what is the average price per squared footage for cosmetic rehab for fix and flip project?

My plan is to stabilize the side I purchased with cosmetic rehab (flooring, paint, cabinetry) before working with the owner of the other side to purchase it and do the same.

The house rents for $1200 month currently and will be able to get $1600 if renovated (finish basement bathroom, new flooring and fixtures, mainly cosmetic).