I am an architect in Toronto, with over 10 years experience in the design and construction of high-rise residential buildings.

I live about 35 min outside of philadelphia in the suburbs of Chester county (west Chester to be exact) The area is a pretty prominent area with a lot of sections of Old money, big houses sits right on the main line... i am curious if i may be looking into the wrong area to start this dream that i have...I rarely see a "cash for houses" and that kind of thing.I also talked to another realtor that said that he thing this kind of business is only good in a "hot"market....

Instead I got snarled in the city permitting process, crushed by the changing financing market, found myself on both sides of different lawsuits with architects, contractors and the condo association.

Prominent investors may not attend, but it may be a great way to connect with others.

Start building your process for managing leads and systematizing your daily leadgen activities (door-knocking, calling your sphere, writing letters, setting up new online leadgen campaigns, etc).Go out and form a relationship with a title rep, two mortgage brokers, two developers, two architects, two handymen, two interior designers, a divorce attorney, a probate attorney, two escrow companies, and a transaction coordinator.

They are likely to have a set of requirements for the space.You will need a project plan including architects, city permitting, utilities (water, waste water, electrical), possibly environmental studies depending on your municipality. 

Take it from an architect who's done high rises from Florida to New Jersey and single houses in Maryland and Virginia for the last 16 years.

You will need to hire an architect/engineer to establish the project specs and scope.Happy to help.

@Monica Kovalsky, there's a lot of Project Management Software you can use online, on prominent is Basecamp but there's a lot of new free software coming out there to manage daily tasks.

Something not prominently discussed on biggerpockets