I too have an outstanding legal team in the area.

You have to decide how much profit you will accept on every deal before you buy it.The other issue you have is to find a better team of remodelers. $40,000 is a hell of a lot of work on a single family.

Not only will you save money but you will gain an understanding of the work that goes into a flip so that as you develop your team and systems later, you'll know which jobs you'll want to keep doing (if any) and which parts you want to hire out.As an example, I typically do the initial clean out and removal of old light fixtures and appliances so I can get a good feel for what all the house needs. 

Hello Dave,For now I'm visiting properties, trying to understand the system and building a team of specialist to assist in building inspection, appraisal, construction...what about you ?

After reading as much as you can, one of the first things you should consider doing is building your "dream team" ...

I am looking to invest here in the area as well as network and build out a great team.

Line up your banking, insurance, attorney team in advance.

I have a great team and we are looking to move on another deal but I need the funds.

I am not sure if this is something I am going to want to have a team on or not.

But there is an acquisition fees of 3.5%, which I think is very high but wanted to give them a try since I do not have any team or network in other parts or US.