I’m a new investor in Tucson, AZ wanting to get into the flipping business to raise capital with the long term goal of investing into multi-family.Does anyone have any experience or recommendations in how to properly incentivize contractors to stay on schedule and meet cost targets?

And I also have a business laywer I'm working with based in Nashville to set it all up properly. 

@John Tappi there a many ways to set this up. you can consult with an attorney and explain to him your strategy and he will be able to lead you properly with when you should set up the LLC. 

@Alyse Oz I don’t have much experience with forming LLCs for rental properties but for use in a startup or business most incorporate in Delaware because they have a separate court for business entities and they allow for easy transfer of venture ownership to allow startups receive funding from VCs.

That's not to say you can't do it successfully, just that it isn't as easy as some people believe. 

Easy to find suited properties, low vacancy, good rental rates and a decent sized population.Jason D.

I want to learn how to find good deals and analyze them properly.

I really really really hope no one goes through the confusion I did because trying to explain the CASH program is not easy.  

It’s really useful and easy.

Hypothetical transaction with easy numbers:1) Seller acquires property for $100K.2) Sellers rehabs property for $25K.3) Seller sells property to buyer for $200K via seller financing4) Down payment $10,000.00.