China has cheaper labor, almost no EPA constraints, far cheaper electric power with their new Dam, etc.

I think flipping is the way to go on this project since it’s my first deal which has always been the plan but very grateful for some guidance. 5 weeks of tear out, wall paper removal 🙃, new electrical, deck supports, HVAC install…we start putting it back together!

You mentioned a career change, I think going into the trades like plumbing and electrical are great and you can make good money doing those, but I think you may be taking on too much by trying to do that right now.

I did a lot of repairs myself but also hired a few skilled contractors for things like electrical work and plumbing.

If the house has the right updates for electrical it is a very in demand area for Section 8 tenants as well.

There are exceptions - some properties are set up such that installing a few electric baseboard heaters might be possible to save on the gas bill - but i would still just shy away if not metered separately at the outset.  10) do shop for a lender and compare (usually pretty standard but there can be some fluctuation) - dont fall for the ones that sound too good to be true - there are gimmicks out there - big bank or reputable broker should do you fine.  

You may not occupy your apartment without electric service except during brief interruptions beyond your control.

Make sure it has good electrical and good structural.

Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.

I expect it to be moderate size rehab which to me means no significant plumbing or electrical and no walls being added or removed.