If you get the REPS and meet 500 hours managing your own materially participating LTRs, your LP interest can benefit you.

I buy most of my materials from Home Depot- because they are everywhere and the prices aren't bad.

Your lawyer should be able to go after the home inspector and previous owners if they hid a substantial material defect.  

If you're not working with a local agent to help you screen tenants...I would say the best way to get as many eyes on the property is create marketing material - add to local FB groups and host 2 consecutive open house weekends showing a model unit and amenities.If you're close to any University Campuses - I would also suggest to partner with the university for housing opportunities for upperclass students.Good luck with filling those up!

With that said, does anyone have any additional tips on how to cut costs on materials when flipping? 

Always nice when you can save on materials.  

There is a common misconception about deleading cost and how it can be done.It varies from situation to situation, it could be as simply as covering hazardous element with some plywood or metal, or it could be some replacement doors/windows and making paint intact.

It is really helpful to receive books and system referrals because you can waste a lot of time reading mediocre material.

Any deviation from in-kind materials will need to be approved by the historic commission.

We will land at roughly 26k in materials for this project… a 14’x26’ garage.