I was the first to blame the Greeks in Greece for everything when the debt crunch came, because I was there and watched them bring financial doom on themselves.

I’m bringing in another investor tomorrow to look at it with me , we’ll crunch a few numbers to see if it’s a go, but at my first review it’s a pass .

Do they reduce my role to crunching numbers, choosing designs, and hiring and communicating with the contractor and lender? 

Hi Drew, I have been crunching the numbers and running the projections for my grand entrance into REI early next year in Texas, and basically came to a similar conclusion to flip for cash and buy-n-hold for longer term equity buildup.

You have to be maniacal in making sure you never face a cash crunch because no lender, property manager, contractor etc is going to wait months on end (and continue doing the work), while an investor sorts out their problems. 

When you crunch in your numbers, always think of the worst case scenarios possible.

They will crunch in the numbers and let you know the max amount you are eligible to borrow (with higher down payment your borrowing power increases). 

When the garbage disposal crunches through twice as much stuff, it dies faster.The floor coverings wears down twice as fast.

@Hadar Orkibi, that's a great idea; for this one, though, I am on a time crunch.

I guess a good CPA will be able to help me crunch numbers before sale to determine whether I can do a 1031 and if I even should based on investment plans.Would you all recommend I find a good CPA in California near the property (Silicon Valley area) or would a local Texas CPA near where I live now suffice?