Alternately, if you’re really skilled at finding properties, many flippers will want to team with you full-time as a partnership.

-Get a thorough inspection -Keep to a strict budget-Do most the work yourself (I went through a four year Carpenter Apprenticeship program but you may already posses the skills if you've been helping your Dad for a while)Good luck to you.There's nothing like cashing that first big fat check after a successful flip!

These are skills that took me 20 years of grinding in a competitive business to achieve.  

No matter your RE strategy,building your team is of vital importance.

There are lots of formats and books on rehabbing that include tons of estimating forms and calculators.I want to add, however, that repair estimates is vital and learning how will be a huge part of the buying/renovating process if you plan to continue.

@Daunte FlowersBoth are important, however having the skills to uncover and create profitable transactions has much more value and extremely rare.

I posted about your skill and intelligence ealier but forgot to mention your courage to take on a deal of this magnitude and so far from home.

For many people with smarts and/or business and/or practical skills, RE is just another potential money strategy, not a passion.

If you pay him a flat hourly fee, he knows his earnings are capped so he has little or no incentive to close deals.I don't know the guy or his skill set, if you think he could grow your business and grow WITH the business, you should consider a percentage.

That depends on your general financial situation, the amount of capital you have to invest, your market, your skills, your available time, your longterm goals...