This unit was gutted down to the studs so there is all new electrical, plumbing, windows, sheetrock and finishes.

My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.

Contractor is telling us that it will smooth out once the sun hits it. 

Of course you could roll the dice and try to show that he is an "independent contractor" and respondeat superior does not apply.

Having a solid team around you like agent, lender, contractors etc.

It is important to find something that was properly maintained, with modern plumbing, electrical and roofing. 

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

And the exit strategy with RE is much more difficult if you buy a property doesn't align with your goals.I completely agree with getting reps in real life, walking properties, talking to contractors and investors.

You have 22 properties that are probably at least 60 years old. 15% maintenance of $1000 rent does not get you very far when you start looking at big-ticket items like roofs, windows, plumbing, HVAC, driveway, tree-removal etc.I am doing this long enough here in Milwaukee that I own some properties I have rehabed twice.

I'm looking to connect and network with other investors, contractors etc who have experience in this market.