However, many new investors (or those unwilling to  learn) don't understand how to really do this - how to really estimate what needs to be done as part of a rehab in order to get the property not only ready to sell but also to be competitive with other homes on the same market, how to really vet a contractors bid, and as mentioned before how to choose the right comps.

Working with contractors require lots of flexibility.

If the management expenses and legal fees don't pencil out, you've simply bought yourself a job, like we see many contractors doing on fix-n-flips.

I don't think it would be at all crazy for a newer flipper to hand the general contractor bid to an appraiser experienced in ARV appraisals.

When you do not live in the market, it can be very difficult to hire contractors, find a good PM etc.A Turnkey Provider should own, renovate, and manage the property all IN HOUSE.

@Dave Chapa helped me find an awesome HVAC contractor whose responsive quote and guidance made a big difference.And numerous BP folks have educated me on their infinite wisdom of the flat roof.

https://energytoday.biz/blog/4-outdated-and-unsafe-electrical-panels-that-could-be-hiding-in-your-homeA bit of background, this property is under contract for $7.55 million, and has good bones with new roofs and a new pool system.

I am planning on building a ADU in my backyard and I was wondering if I should just hire a general contractor and pay lot extra or do my own project management  by hiring individual contractors/sub-constractors to do the job.Like - Arhictecture and permit person, plumber for all my pluming including addition sewage and water lines , foundation and framing contractor.

Hey GuysI'm a licensed general contractor in Grand Rapids and I have been a custom home builder for the last 5 years. 

I have not been able to move in due to contractor delays.