@Peter Bui there is so much good advise other experts have given up here and here is my two cents “Invest in yourself” before you invest any of your money on real estate and there is so much information and expert opinions here on bp and other places online.

I pay them via paypal, venmo, walmart2walmart or some other form of online payments as projects are completed.I have a solid buddy take my calls via a team phone service routed through multiple call systems and he also views houses while I'm gone for a split of the deal.

They charge about $800 per transaction no matter the price.

I started out by looking for deals online.

Based off the pictures online it looks like it is in pretty good condition with little rehab.

Since I don't want to pay for tenant utilities, they would need separate HVAC and hot water in addition to the metering.The second kitchen and related plumbing/electrical work would definitely be an added expense - laundry hookups too for that matter... but if the numbers add up that shouldn't be a problem.Is there anything else I'm missing or could be overlooking that would throw my numbers off significantly?

I'm looking at it from a "minimize expenses" perspective in order to get into the game and learn (hopefully break even)  then build from there as I've been looking for well over a year now.To complicate matters, I'm also looking for private funding to make it happen so if you're able to go the normal route, more power to you!

I'd love to join the group if there is an online presence and come to a meeting when I'm in town. 

The biggest issue I have with 203ks is that no matter how much I stress this, the borrower doesn't take it seriously and when they do find a house and make an offer, they still don't have a GC to work with. 

You’ll do well no matter what.