Conversely, if the seller NEEDED to sell the property to raise money for something, a fair price might be closer to that $2-3/sf number.

Anyone have any recommendations for any of the following:-Local fix/flip mastermind groups or general real estate investing groups-Reputable hard money lenders with a good reputation - ideally one that has reliable contractor references-Fix/flip friendly contractors-Fix/flip friendly agent that has hyper-local market knowledge of North Dallas markets-Wholesalers worth talking to

A simple mistake can cost you more money or time.Here's a pretty good guide: https://www.clarkcountyohio.gov/DocumentCenter/View/5210/CCO...

Does it usually cost money to have a contractor come out and do this?

With my dreams of controlling a rental property next to me dashed due to poor home structure I started thinking this building used to be a home so why not flip it back to that and make some money off it!

All you need is a team, :) Well and money LOL,  Lol, money I have, the team is the roadblock.

Both are making money and have reasonable cap rates, a bit lower than I would like, however, not horrible Imo. 

I considered private money for purchase and rehab and refinance at a later time.

think about how much money that would be, almost nothing.

-I hear condos are now charging outrageous amount of money for association fees and costs and people are selling their properties on account of this.