I had to leave town for the weekend unexpectedly but I should be able to send you the information this evening. 

Plus, Our contractor was also in a major auto accident (not his fault), attacked by a dog (requiring skin grafts to close it up), had a grandmother in ICU, and had a young daughter who required specialized medical care out of town - all during our rehab project.  

This will help cash flow and give you more monthly income to cover unexpected expenses.Without reserves or access to credit I would pass.

The only hope you have is that the deal is so sweet that you can eat thousands in unexpected repairs and have the deal still be worth your time.

As I explained to a very indignant wanna-be flipper who was telling me that his word was "gold" and was all that mattered; when a problem that is out of your control arises (divorce, injury, hospitalization, serious traffic accident) and you are unable to fulfill your obligation - of what value are your good intentions?  

You'll never know everything and you should expect the unexpected, but when you make decisions based on sound strategies that you understand, you eliminate a lot of the uncertainty (anxiety/grief).

Timing wise, 1 GC said it would take him 6 weeks to complete (assuming nothing unexpected with the home comes up) and the other is 8 weeks.  

This allows you to still be putting money away for future investments, unexpected personal expenses, etc.

I am located in Bluffton SC and looking for a new CPA as my long time CPA passed away unexpectantly this summer. 

Property management, reserve funds for unexpected repairs, tenant issues, the market might be hot right now but in 3 years it might be in a downward spiral, etc...Not trying to say that buying for the purpose of renting is a bad strategy, just saying that there is a lot to consider before getting into it.Some of those reasons is what has pushed me to bring my clients mainly properties that we are going to either tear down and build new or remodel.