Account ClosedThere's several considerations: tax, liability, transfer issues, cash flow, qualifying for a loan....You'll definitely want to look into insurance... is Kyle a licensed contractor with his own insurance? 

With all current comparable of 2/1 in the area with same sqft is around $385k-$400k, I converted to 3/2 with permits our contractor and I ran into many challenges with the city inspection and also tried to stay within budget.

Hi South Bend BP friends,I am looking for a reasonable (ok cheap) contractor to cut the grass at my 20 unit in South Bend, IN.

I'm currently working in project management for a commercial general contractor in the downtown DC area.

@Jay Thomas - A good contractor should be able to give you a ballpark.

.: Education, finding a realtor to be "everything," finding wholesalers for deals, vetting contractors, the whole process.

The trip is definately on the cards, for the reasons you stated  meeting local lenders, agents, property managers  and possibly contractors in person when we are closer to a deal.

If you ever want to invest in Kansas city, PM me and i will give you the comapay..stay away from them.Even if you get a fairly good property with good rehab work,  it is difficult to make money through turnkeys; most don's cashflow.Do not rely on what your PM is telling you unless the PM is also an investor.....follow your gut feelings..not all PM are good...As a new investor without rehab experience, you will need to build a team; there are contractors who specialise in rehab work; seek them out and let them do a professional job and pay them.....as long as the numbers work, you are better off that buying a TK that you are not sure of the rehab work...you will end up in frustration...Above are my 1 cent so that you dont go through the aches and pains I went through.Happy investing....

I’m looking for a reliable contractor in the Detroit metro area to rehab a home in a historical district. 

Shop around for utilities if you are paying for it.Shop around for dumpsters line up the contractors to do all maintenance requests or upgrades you need to do.get ready to Install motion lights outside prepare ownership change letters to tenantscopies of keys copies of all leases (should have got in DD)Ask the lender and title company to provide you with the final Settlement statement so you see which other costs to expect.