You will learn a lot about construction means and methods, construction materials, material costs, etc...which will likely make you a better rehabber over the long run...But you will also likely learn that construction is hard work, time consuming and pretty darn frustrating if you don't know what you are doing.As others have suggested, if you are really trying to create a scalable business, sub out everything!

An investor that sets up a deal, offers a note, makes the loan (the borrower is the "maker of the loan" not the seller) takes on more liability than most are aware of, commercial or consumer deals.

A lot of GCs can vary a lot on things that the standard consumer would find scary (if that's the word).

Also re: tenant laws, if you are curious Jim, you should definitely read (or keep close for reference) the Rhode Island Landlord Tenant Handbook.

Use an LLC approach, no more than 2 money guys with you, work out the security in the operating agreement put the property in the LLC.After a few loans or disbursements using your home, you'll put them in a lender position on a consumer loan, not the way to go at all.Doing each property is fine too and the simplest IMO.

Do I go through one property by one property (will be extremely time consuming to physically inspect all the properties since they spread all over the Bay Area - and that I'm still working full-time at my current job - and make each offer one by one? 

He's way more badass than I could ever be, but if you just incorporate a little of his mindset, it can really save you some serious cash over the average consumer.  

But getting a patent, especially a software patent, is expensive and time consuming. 

Those costs get passed to the end consumer. 

Do I go through one property by one property (will be extremely time consuming to physically inspect all the properties since they spread all over the Bay Area - and that I'm still working full-time at my current job - and make each offer one by one?