I’m currently driving for dollars and I find homes that are vacant with boarded up windows.

Leverage other people's money, your time, your drive, partnerships, etc.

These numbers are just basics that I use, but will give you an idea. 

If i am flipping a house and doing some basic renovations myself (Demo, cabinets, flooring) and using contractors for the bigger projects, do i myself need any type of licensing?

Basically I just want to be the investor, pay a small fee for it to be managed but in the event the borrower happens to foreclose then the property would still go to me because I’m the investor?

Basically I tried to get a little creative on the due diligence, because the bank wasn't too much help. 

Not saying I would have done it, but I would have considered it.So, basically, the moral of the story is that you’re in a pretty good position either way.

She has a full time job and we have 3 kids, so I found other things she enjoyed about real estate to get her involved (and talked about it constantly).For example, I found she loves looking through the MLS and driving for dollars together, so I really latched onto that. 

I have received much interest, and decided to just have an open house for a few hours to show the place to prospective tenants and collect applications, rather than trying to meet with individuals one by one (so I'm not driving across town everyday for a showing and dealing with people who are no longer interested, not qualified, or don't show up at all).

But, I am wondering has anyone put together a basic or advanced checklist for people to get started with?