This is specific to the electrical drawings, but feel free to propose your own solutions to the problem.

Looking forward to seeing posts from yopu drawing from your experience.

Give this serious consideration before making your decision.

For some one new to real estate, it might be hard to flip properties esp 12 in a year, as you need considerable cash at hand and knowledge of contractors and rehab properties.What would you recommend to a newbie..which cities would be best, is $110k over-pricey for a condo in Redlands/Loma Linda to generate cash flow of $200.

So, if I'm going to pay for a mentor's services, I will ensure that he/she can sync up with my learning style - my mentor should be willing draw up the steps of a creative finance deal in a flowchart and walk me through the process.

We are finishing up a rehab project right now and the contractor that was doing the work was doing a horrible job, taking too long and causing a lot of issues, so I decided to fire him this past Friday and cut my losses.I haven't paid him his final draw yet and based on the quality of work (or lack there of) and he was already at his time deadline based on our contract and had at least a third of the scope of work still unfinished or needing redone because of how bad the finish work was.I tried to negotiate a final amount for us to agree upon to part ways and have the contractor sign the final lien waiver, but he is requesting more than what I think he deserves and he is threatening to file a mechanics lien against our property if I don't give him what he wants.Any thoughts or suggestions on what my rights are and how I should handle this???

You just have to make sure you draw up your contracts to make it WELL KNOWN your licensed and representing yourself and that the seller knows this.

I am currently in the planning phase and am trying to do some research so that I can draw up a plan that I can pitch to a few friends who are interested in such investing as well.

The 50% assumption is more of an instant consideration for a buyer or lender considering a new or additional unit.The size of your portfolio or units under management.Maintenance is a variable expense.

In some states, those take considerable time.In some sense, you are now the owner subject to the first.