Paying all cash usually means high risk, high rewards if handled properly. 

Maybe they can put up the money, you handle renovations, and you do one flip a year to earn some extra income that can later be invested. 

Usually, PM take 10% of the late fee in normal circumstance. 

I would still recommend not using an FHA loan if you can because of the extra "PMI" payment that lasts for the life of the loan.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Hi Claude,HELOCs are used usually for short term purposes.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

His sub-contractors usually did very poor work, like he and his son did, and we would have to either fix it ourselves or ask them again and again to come back and correct it.

In the short time I've been actively investing in RE, I've already had to switch my CPA because our conversations usually felt like I was having to tell him how to maximize my deductions.

If I were this GC and got the usual 20% to do this for you, I would be looking elsewhere for investors to work with......I guess the question is - how much do you value this guy and his work?