With 100k+ as reserves you're golden because you can basically weather through the storm. ie you make a mistake and the deal turns bad, expenses are higher than expected etc well you have money to pay your investor and you don't destroy your reputation.

But this is a new-contraction home so I think most big items will be covered by the manufacturer warranty.  

Before you get a broker spend a little time reading some reputable books or other forms of education so you don't waste your time and theirs.

IE no RISK at all to tenant base like most of the lower end rentals are.you may want to explore Lending with a local VERY GOOD reputable HML in your market.I suspect you could make 10 to 12% and be truly passive...

In any case, make sure you are dealing with reputable investors.

Second, a reputable title company will handle bulk of the busy tasks for the closing.To echo what @Ethan Giller said, I think many new investors run into trouble because they don’t know what questions to ask.

Consider investing in a good, reputable on-site mentor who will get you off to a good, profitable start.

Do you have a reputable lawyer or title company that you are working with? 

I worked with him through previous job I had, He was able to turn 10 houses a month for 2 years, so yes $45k is a large rehab, but I've seen him do that in 4 weeks.The wholesaler is a reputable one, and has never had this happen where a deal is stuck in escrow.

Hey there, I am not totally new to real estate, I already own an investment property locally (3 family) that is cash flowing but I am looking to do more.About me:  I am a non-real estate business owner located in southern MA (it is actually a manufacturing business).