I would really like to know what exact rehab is not just a sq foot number, roof, plumbing, electrical, well, septic, kitchen,and foundation. 

We are educated but we lack the practical experience, our heads go blank once we try to map out the process and due diligence with hard money lenders and contractors. 

If you “manage” the real estate ie pick the plumber, electrician, painter, contractor tenant ,etc and all are paid by the Ira-is that considered prohibited- I don’t think so.

Anyone who has seen a general contractor successfully transition to real estate investing, I'd love to hear what worked.

I also have my general contractors license, will that be beneficial in giving repair estimates to my cash buyers?

I did switch the hot water from oil to electric last spring and did notice it really cut back on the oil use.

In addition, I've never been involved in any major home renovations and I'm not particularly handy so the the prospect of managing a contractor from afar seems a little daunting.

Although it is well-established that a state's statutes are "public acts" for purposes of the Full Faith and Credit Clause, Bradford Electric Light Company v.

I have a lot of connections in the West Michigan area including possible private lenders, contractors and real estate agents.

@Callum SinclairThis is a month-old post, so I'm probably late.The simplest and most effective setup is usually to keep the whole business under your name or an LLC that is 100% owned by you, and set up your family members as lenders, as opposed to partners.If funding the deal makes it impossible, due say to your credit, then you can reverse: have your dad own the property under his name or his LLC, and set yourself up as a contractor for him.Bottom line: it is case by case.