The short version is he would handle managing the rehab and contractors etc, I would make an initial loan to the company and acquire both the short term money and long term refinancing money, as I can still get the conventional since I’m under my 10 limit.

I am looking into getting my first flip property soon.I was wondering if I should have my contractor walk a few properties with me before I get a property under contract or if I should have the deal first based on my own rehab assumptions? 

Removing it is extremely expensive, so the common advice I got from contractors is to put vinyl siding over it.

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

Contractor prices are setting new records. 

The property needed a complete basement gut, egress windows, electrical rewire, new A/C & furnace along with a kitchen remodel.

Does anyone know of a good contractor in Brevard, NC or Pickens,SC?

Their are lots of free content online to give you some ideas, here are some folks who has amazing content, some at a cost but LOTS for freeFor wholesaling : Jaelin White and Max MaxwellFor Owner Financing : Mitch StephensFor Subject To Investing: Grant KempFor Note Buying : Eddie Speed and Dawn RickabaughNew Construction and flipping: Brad ChandlerFor building a rental portfolio: Clayton and Natali MorrisAlso, please feel free to shoot me a message or link up with me on IG at jayjohn34, I'm a Commercial Broker but i do have 15 years experience as a Contractor and 5 years experience as a realtor.

And when I say build my house I don’t mean be the general contractor and hire subcontractors to build my house.

Every Utiilty is also different so you have to know that market, what’s available and how to put into effect a concise plan with guarnranteed supply rates in the case of Electric and Natural gas.