Good first project away from home, a restoration that did not need the extensive work and expense of gutting, learned that reliable labor is the biggest challenge in Indianapolis, communication skills are put to test on a project like this, the beauty of an historic home brought back to life is reward itself.

It needs to be in an area that is going through a revival for this to work well and it helps if you have some home improvement skills.

I am a travel Physical Therapist Assistant by trade and make great money BUT i get paid way more in my check “PER DIEM” than hourly pay because it is tax free.

By trade, I am a commercial leasing broker.

Make it a brand, like Fair Trade Coffee.

But to be honest with you, If you do not learn some construction skills, your progress will be a lot slower as contractors will be raking in the majority of your profits.Get a pro account on this site so you can access the PRO only blogs and avoid all the goofy stuff that can confuse you sometimes.Take NO advice from salesmen such as realtors/brokers.

The contract should state skilled tradesmen including full time manager is to be committed to your site weekly 40 hour minimum.A actual schedule is to be in writing and submitted to you for approval as part of the contract.

This will give you a ballpark of where it should trade, even without seeing any financials.

Flipping and buy and hold are two different strategies that require different skill sets and knowledge. 

I still need to develop my analysis skills and soon start looking for properties!