I've been buying and holding for SFH's rentals for 15+ years, but my goals now are Cash flow (70%) and Appreciation/Equity (30%) so I can invest faster/grow more in shorter periods of time.I ran this: View report on BP as a really rough test for investing in this property (3-plex, but also offers an attached 3-plex for consideration). 

Poor props with prices to high those are sitting.. so just dont do that if you want to move inventory.I am not a buy hold investor like most of BP  we have income property but its not my focus I have a 10 unit in oregon in contract see if that closes.. we got a very good rate from my local commerical bank  1/2 point 6% so that seems pretty goood.

Quote from @Josh Klein: @Micah Cook I’m an east coast investor that buys and sells in Indy.

Bought a house with an FHA loan, if I bought down the interest rate, do I need to wait longer for rates to drop and refinance than others that did not buy down the rate? 

Initially, I pursued wholesaling with the goal of generating income to eventually buy and hold properties.

How much did it cost to buy into the deal (down payment, closing costs, etc)?

They get the advice, but they can't be wrong, so they buy a property in an HOA that doesn't allow STR and in a town that has groundswells against it and requires permitting.

I’ve used OPM to buy n hold my 27 SFR.

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The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late.