Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!

One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.

If you are buying in a more metro area, there will be lots of choices.In our area, we are quite rural and I couldn't guarantee that I would find the resources to do setup completely remotely.

Project TimelineStart Date: [Insert Start Date].Completion Date: [Insert Completion Date].Working Hours Allowed: [Specify working hours, e.g., 8 AM – 5 PM, Mon – Fri].3.

This is completely baffling to us how this can happen!

I am completely new in this industry but I am wondering how hard money and private investing works for flipping.

Completely agree with you on this; I'm not making any claims to the quality of these lenders here.

@Caleb Brown -Thank you--the place was purchased early last year by current owner and completely renovated. 

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider.