The GC license in now way shape or form guarantees that:1) They know about the trades they are hiring for2) They know how to manage, organize, delegate during the job3) That they will be at your house making sure things get done rightI only work now with people who hold GC licenses, they are insured, AND they need to know the trades and actually be working next to the guys in the house. 

I'm not bold enough to buy real estate at negative leverage - few deals in my area (and I presume, Manhattan), are trading at "Cap Rates" greater than 7%. 

It’s a trade-off between saving on interest with the hard money loan and the additional closing costs.

I am a contractor by trade and understand the costs/processes to build, but I am lacking in how to determine a proper sale price with little data. 

Arranging schedule of various trades and balancing the good ones with the ones that are available.Permitting and inspection issues (should be a non-issue, but last house we had a new inspector that seemed like he had something to prove and nitpicked what I view as non-issues).Market swings impacting ARVs, or in the current market: are we going into a recession before the house can be completed?

There is a high demand for high paying trade work, often with scholarships and two year degrees.

(unless you day job is in the trades)

The whole term of wholesaling originates on the fact you don't close on a deal with your own money you just sell a contract like options trading.

I am not a mortgage person but the "bait and switch" in the business is called "re-trading a loan".My contacts get this a lot.Some company touts they can do a rate for xx with little to no down.They collect a bunch of fees and then right about when closing they say something happened and have to move to a new higher rate.Don't believe the HYPE!!

(See 832 White St that is completed and 1912 Vesta that I will be posting in the deal diaries section soon).