Once you find a property in distress, it's fairly straightforward to pull up a deed and find the names of the named owners, but where do you go from there?

Pull all necessary permits for the renovation project which include Plumbing, Gas, Framing, Insulation anddrywall.

I liked the shelving in the laundry area (most buyers would appreciate that).I personally would stain the fence (you have 2 different colors), pull all of the garbage cans/yard debris containers and take a new picture. 

Instead of doing a conventional loan, My plan is to pay cash for it, then do delayed financing to get my money back, 80% of LTV of hopefully at least $60k which would allow me to pull out $48k of my money.

Supervising subcontractors, meeting inspectors and pulling permits can be a full-time job.Funding a flip:Pro: Funding the right flip can be quite profitable.Con: Correctly evaluating the project and the flipper requires extensive knowledge about construction, permitting, zoning and real estate resale values.

Also, if we wanted to pull permits for work that's already done, I assume it would require us to essentially tear everything down and redo the work from scratch.

I am getting closer and closer to pulling the trigger on my first investment property and hiring contractors is definitely at the top of my list as biggest worries. 

I found a 3/1, 1700 sq ft for $55k that need a total renovation.I would assume a $25-$30k renovation.It would appraise for $130k.Option 1:Buy, fix, flipOption 2:Buy, Fix, pull cash, keep as rentalthoughts?

I pulled them and updated the lease to read no dishes, I have no balconies or tenant controlled outer areas so I don't have to be worried about violating the dish rules.Companies never remove them when a tenant leaves and they rarely reuse them... so they become a dish graveyard.

For one, the BRRRR was going to allow us to pull most of our capital out and still gain a cash-flowing asset (that was the intention at least).