Initially I had considered using this property as a rental, which it is still viable for since I am getting a great deal, but after doing calculations and seeing that my monthly taxes were higher than my principal, interest, and insurance combined, I want to reconsider making it a flip.I am originally from Lancaster, PA and have family and friends there, but I live in Erie PA and will have to manage the project from afar.I am looking for strong recommendations for general contractors in Lancaster, someone who is accustomed to working with investors/flippers and can work with minimal supervision.Project is a 3 story connected row home, brick, built ~1900I want to:Replace roofRemodel kitchenIncrease size of 1st floor bathroom some (I can barely turn around inside)Repair/replace interior doors which are damaged.Refinish or possibly replace all exterior windowsLVP floors in homeHang drywall/sheetrock over damaged plasterUpdate electrical/wiring (potentially knob-and-tube)Remodel 2nd floor bathroom.Consult adding potentially master bathroom (adjacent to 2nd floor bath)Paint interior/exterior (exterior has chipping paint, likely lead).Any other maintenance or problem issues discovered along the way.Please reply or message me with any information you have.Thank you very much!!

FHA can be a pain with the chipped paint requirements due to lead base.

.- bagster - waste of time and money. it's like getting a small bag of chips. once you are done, you wish you had gotten a bigger bag of chips. reminds me of a show that they purchased 6-7 bagsters just to realize later than a dumpster would have been a 1/5th of the cost. what a waste of time and HUGE profit for WM.- dump trailer - great option if you do it often and the site has a ramp where you just back up and push a button. but the storage of that thing isn't always easy- you haul it in a truck or a van - been there, done it. cursed it every time. being cheap is never a good thing- using CL - i JUST picked a guy to do my next house interior demo. i had an ad and 10 people replied within 1 hr. i had to shut it down. they have their own tralers, so than charge me a little more than the trailer costs me AND do all the demo. fantastic option- rent a dumpster - love it. if i needed more, i call them or put a vehicle infront and they have to keep it there. sometimes extra days cost me $10 per day. well worth it. i get the 30 or 40 yardersthe problem with dumpsters is that i end up doing most of the work, and i should stop doing that.just my 2 cents

Alternatively, you could also purchase blue chip company stocks and wait for them to rebound once rates start dropping again. 

That's going to have a myriad of issues on tech, chips and for companies like Tesla, Oracle, Intel harder among others.As of right now, I do anticipate a crash when that happens.

I’m excited about Ohio with the news on the chip factory and can’t say I blame you if you go there.

Or Apple M1 chip maybe.

Take a deep breath, and start chipping away at that HELOC balance right away.Borrowing from your 401k is a horrible option, especially with how badly stocks have been beaten up this year.

Randy   Great insight Randy,I'll talk some more to family members about chipping in on the down payment but not many are interested in co-signing; that said, knowing that banks will also consider the income that property will generate gives hope to continue the journey at this stage in life!

There is a little more red tape for FHA loans around safety related aspects like chipping paint, broken windows, etc., but a great choice to jump into the game!