Regarding BRRRing OOS - it can be very dangerous:(Too many newbies take contractors and agents at their word, when "trust, but verify" is extremely important.Given you're in Chicago, would recommend you plan 2 trips for a BRRRR:1) Initial walk-thru with contractor(s), which you should video for documentation & accountability.2) Final walk-thru BEFORE paying out final amounts to contractor(s). 

Now, that contractor is $4,250 per week with materials higher as well.

That does not work and is only for experienced renovators who know their buy box and know they will always go to the studs and redo everything.Just get out in the field, see every dump on the market, take sneak photos to show to a contractor, and get some investor and contractor friends who will be in the ballpark on the costs.

@Pedro TorresBRRRing OOS - it can be very dangerous:(Too many newbies take contractors and agents at their word, when "trust, but verify" is extremely important.You should try to plan 2 trips for a BRRRR:1) Initial walk-thru with contractor(s), which you should video for documentation & accountability.2) Final walk-thru BEFORE paying out final amounts to contractor(s).

I am seeking to connect with fellow wholesalers, investors, contractors, and anyone with potential business opportunities.

I am an active real estate broker and general contractor here in Memphis and this is a great market for RE investing!

Working with contractors for the first time - don't pay the contractors until the work is done, very big lesson for life!

I am partnered with a contractor who comes out to look at houses with me, so that does help.

Many contractors will take advantage of remote owners by doing shoddy work or not even doing some stuff.

Any decent licensed Contractor should/will have their own contract that is specific to your state.