On the other hand having a draw schedule and fund control with inspections before disbursements could be good if you're new to this as it could keep your contractors in line and it will force you to collect all the necessary paperwork in terms of Certificates of Insurance and W9's.

After all that is complete, then it makes sense to spend money on the inspections, surveys, contractor bids, etc.

Hi guys... we purchased a commercial building and already moved a few walls and added a few electrical outlets... my question is NOW after we realized that we need the Certificate of Occupancy what is the best route to go for obtaining the right permits to get the CO? 

if you need to supplement the costs further you can consider renting rooms out in the unit that you live in but this typically is only an option for those who need the financial assistance (housemates are often not easy).You learn Property Management, if you like being a landlord, doing repairs and hiring contractors. 

It's important that you find good contractors, good wholesalers, and good deals in order to make your returns as big as you want.

Hello BP, My name is Greg and I'm a 30 year old electrical/software engineer from Erie, Pennsylvania just starting out on the real estate/FI journey. 

Or do you have a contractor / handy man on call and just list it for rent on zillow when need be?"

Hello BP was wondering if anyone in the Stockton area know any good contractor's its my first flip hoping nothing goes wrong I finally feel ready but still shaky I have to take the leap I don't want to find a bad or lazy contractor  any help will be appreciated

Currently each unit has their own electric meter and I am thinking about changing the heat system to Ductless Mini Splits for each unit so each unit will pay for the heat they use and they also will now have A/C which will allow me increase rent for that amenity. 

We tried to charge them the lowest amount by not adding labor or materials for certain repairs for example to repair poor cover-up job for holes they made in walls, we just charged partial contractor labor and not materials.