-Seeking funding (brokers or creative) most likely FHA-Appraising and estimating repair costs alongside professionals to get an idea of the process-Building relationships with contractors, getting estimates on potential projects (also, reading to get a general sense of ARP)-Learning and executing rehabs, by self and delegating to contractors.

As always, seek professional advice.

Many people, mostly young urban professionals, are moving into the city and surrounding areas to take advantage of this growth.

As always, don't trust the internet, seek professional advice.

Lots to look into here, might be worth hiring a professional to make sure you do it correctly. 

Really stirred opinion and professional answers!

For you to get that type of rent, you'll wind up renting to professional roommates, and it's hit or miss, and so far for me, mostly miss.

When we moved in they had put brand new carpet in, But the place needed little things like door handles on doors and to be cleaned (it wasn’t cleaned professionally because G had her husband do it to save money).

As always seek professional advice.

One day you might want to offload the responsibility to a professional management company.