.+1 to @John Underwood and @Andrew Steffens

Now I'm on the Panda Planner and actually like it better. 

Realtors have likely walked through and done a broker walk through.

And that's all good.

In a text book case you'd buy a property for half of its ARV (after repair value) and then spend 25% of ARV on rehab and generate 25% equity.

I am exploring this option now and just learned about it. 

Regular and transparent chitchats are the way to go.

I plan to raze a house I own in SD county and build a quadplex on this one parcel. 

Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements? 

I wanted to get everyone's pros and cons.