We're in the early stages of considering this as well. 

Phone time is like time on stage.

I'm a rookie who's still at the "reading materials" stage, so I doubt I have much to offer, but I wanted to at least chime in and also see who all is out there.Right now I'm exploring what I can do with my starting capital, and interested in small multi-family (~4 units) in the Dayton/Cinci/Columbus area. 

A long term investment that required a significant, multi-stage rehabilitation.

Currently trying to network with contractors.In the early stages still, so I'd love to hear your advice!

A top notch agent will bring these answers and solutions to the table.Maybe a slight staging will bring you $5000 more.Then the headaches of the inspection,  if the buyers are qualified, if the buyers really havea down payment, a job, etc!

I work with two wonderful partners, we all have our area of expertise and area of responsibilities for deals in various stages, we hold each other accountable and we communicate DAILY.

Do it during the build stage while it will be easier.

Purchase price: $1,800,000 Cash invested: $232,000 Sale price: $2,399,000 1275 STUART RDG LUXURY HOME FIX N FLIP - LUXURY STAGING RESIDENTIAL 12,000 SQ FT STUCCO COUNTRY CLUB SCOPE OF WORK:LL COMPLETE REMODEL - ALL FLOORING REPLACE - ALL LIGHTING REPLACE - ELECTRICAL REPAIR - PLUMBING REPAIR - INTERIOR REPAINT - ENERGY EFFICIANT APPLIANCE UPDATE - FIXTURE REPLACE - CAPINITRY UPDATE - POOL REPAIR - COMPLETE LANDSCAPE REDESIGN BEFORE REPAIR : $18,800,000 AFTER REPAIR FMV: $2,399,000PROFIT: $600,000PLEASE SEE ATTACHED APPRAISALS How did you find this deal and how did you negotiate it?

Or any pitfalls I might be missing while this is in a very early stage of an idea?