Also looking to build a solid Long Island based team (Agent, contractor, lender).

My son (age 24) however, is an independant contractor / self employed and is trying to buy a house. 

My Insurance Agent has strongly recommended that I put a Construction Agreement in place with my Contractor to shield me from liability, etc. 

I think if you are going to keep all three parties involved as owners of the deal long term then you need to separate yourself as a renter and a contractor.

Connecting with local contractors or experienced investors in your area is also very helpful for getting accurate numbers.For ARV you’ll want to look at comps; You can start on Zillow or Realtor.com but I highly suggest connecting with a local agent.

I would say keeping their crews busy is a must when there is always another investor who needs a good reliable contractor.

We were lined up to have this project complete by August which would still be in the prime time frame for selling this house.TLDR of my previous post - I ran into troubles with my first flip which was going on at the same time as this project.I had to pull my contractor from this house to save the day on my first flip.

Who are their architects, engineers, and contractors.

Also, make sure to connect with local contractors to get estimates on your prospect properties.

I was in national construction for 5+ years I'm not afraid of a small contractor who's ripping you guys off