That's our cap.The only time we have seen an electric bill higher is when contractors were in there working and using a ton of electricity for industrial heaters for a month.  

Same happened also with our contractor.

Having a solid team around you like agent, lender, contractors etc.

I'm looking to create relationships with wholesalers, real estate brokers, contractors, real estate attorneys and accountants! 

It helps to build a good network of reliable contractors, especially if you’re investing out of state.Section 8 has been a part of my strategy, and while it’s not all rainbows, it’s been a solid way to build consistent cash flow.

I can say from having taught classes on these loans that your contractor will be the biggest key to your success.

Quote from @Chris Kay: @Tim Ryan nope not a contractor so definitely need to find a good one.

After months of blood, sweat, and bargaining with contractors who seemed to vanish into thin air, I finally flipped it for $180,000.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Also, our market has many First time home buyers, so to fix&flip we needed contractors which required much more $$.