The list goes on.For mission-critical items, you want quality, not cheap.

@Melissa SejourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

So if conventional primary residence rates are that high, par rates on investment properties are generally higher. 

Quote from @Owen Wang: I am 17 years old and will graduate high school next year.

Quote from @Rick Im: Does anyone know of a lender that offers second mortgages on rental properties?

While Treasuries are often viewed as "risk-free" investments, certain real estate deals in today’s market offer a compelling alternative—especially when purchased at a deep discount.Take, for example, a 1,000+ unit apartment complex in a suburb near Michigan.

Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck. 

It's very difficult to get SFR to cash flow these days with interest rates as high as they are.

I also like contractors that have packets that allow you to pick out the stuff that you want to use for that project, which reduces the quality control process..

I have noticed that as companies they grow, their quality and attentiveness tend to decrease.