Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.

I would rather borrow as much as I can at the RE interest rate which it typically the cheapest money available.You indicate using financing/leverage is the way to build wealth and maximize IRR but you state if you want to enjoy th3 slopes pay it off.  

I am swamped right now with my rental renovations & furnishings I am finishing up plus I typically work late, so I haven't been able to make it much lately.

These are what we call "A-class" markets—areas with strong fundamentals, high demand, and typically excellent long-term appreciation.

Neither have time for manual follow-up, paper Contracts, telephone interviews and other procedural steps typically required to complete a deposit and booking.

They will get in touch with the property manager, let them know a complaint is filed, and typically give them an opportunity to make things right before opening an investigation.Have your friend look for a new PM immediately.Start by going to www.narpm.org to search their directory of managers.

The down payment requirements are also steeper, typically 20-25% for investment properties.

To echo Dominic, typically if you need to raise under $1mm of equity, the formation costs become overly prohibitive.  

Open houses are typically used to generate leads, not sell houses.

From what I've seen, typically two people doing a flip like this have different skillset so one person is doing different things than the other.