For instance, who is going to handle the vendor coordination?

I bought a house hack str via a 203k in Bradenton, FL and have been renovating extensively over the past year while living in it.. i didn’t realize I was supposed to cost segregate before I started renovating or renting it out- permitting has been a nightmare so it won’t be finished for another month and I have been holding off on tax filing for exactly the reason Bonnie spoke about..

Like for instance, I live NE of Louisville so tend to work on the East side of the city. 

For instance, you may be considering living closer to your parents in their later years.

I'd also suggest to setup a Chrome extension, the one I used is called "Email Extract", as you're browsing through Facebook Wholesale groups, many of them like to add their email address.

And second the best learning experience for what your ultimate goal is.If your goal is real estate sales, then consider getting your broker or sales persons license, and work for a brokerage company that offers extensive training.  

Evan,Thanks for the extensive reply.

I've been learning, researching, and taking extensive notes; it all seems like a lot to swallow all at once. 

Mitigating extensive fire damage could very well be more expensive than rebuilding from the ground up.Also keep in mind that state laws will likely require you to disclose any material defects or damages to the home - even if they've all be repaired.

Here is one of several extensive BP threads addressing the potential realityhttps://www.biggerpockets.com/forums/311/topics/18...There are other considerations with the insurance in addition to the DOS.