to be an actual fix and flip investor / business  its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.your best bet is to put a little private network together if you really want to do this.or get your license and specialize in finding these types of properties for fix and flippers.. make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.

My questions are as follows:1) Would I need to get a GC license for this, especially if I own the property?

Hello BP, I have a SFR rental in the greater Tacoma Seattle area (not in Seattle proper though).

Other thing to keep in mind is to make sure you have proper liability coverage.

I'm a licensed realtor, together we PM.

I would try to get this lower than $217k IF and ONLY IF you have the backside systems in place to close the deal properly and are prepared to purchase the property should you not find a buyer.  

I’m currently in the process of obtaining my real estate license in Minnesota.

I’m currently in the process of obtaining my real estate license in Minnesota.

Keep in mind this comes with caveats and strategies like BRRRRR can be difficult to pull off without properly navigation.  

A referral agreement with Buyer Agent because we are both licensed or could I be a “transactional broker” on the deal.