This means finding reliable contractors, inspectors, and, if necessary, real estate agents who understand the flipping process.

I'm sure there are many more experiences where the contractor hasn't fulfilled their scope of work and gotten away with rushing the project to meet the deadline, And, I don't want to be as naive to say that I'm that 1% who can have complete quality/operational control, but I'm confident I can establish a system and hire independent inspectors to review the contractor's work. 

@Bradley Buxton The scariest thing I’ve dealt with was a bad building inspector.

1) They naively expected Class A results from the Class B/C/D property they bought.2) They didn't do enough market research to even know they bought a Class B/C/D property.3) They didn't do enough due diligence on the members of their team: agent, PMC, inspector, etc.

Inspections are typically done by licensed professionals like structural engineers, architects, or certified building inspectors.

This was my first investment property and I had a poor inspector who missed all the electrical and even though the roof had about 5 years left my insurance company made me do that.

Obviously, you should work with a good agent, lender, and home inspector to assist with each phase to ensure you are getting the best deal.

Point is - some building inspectors can be all-powerful.

You’ll also want to know how they handle rent collection and late payments and if they can provide references from other investors they work with.A good investor-friendly agent should have a strong network of professionals like contractors, inspectors, and lenders to help with your investments.

Build a local team, including a trustworthy real estate agent, property manager, and inspector, to help you identify and manage deals remotely.