California wants to reduce dependence upon fossil fuels, and foreign sources of energy - both good ideas - though how we are going about it is poor execution, and largely inefficient.

My suggestion is to break the learning process up into manageable pieces, and try to grow daily instead of burning out with too many competing ideas.4) There is No Get Rich Quick Here: Sorry real estate is a great way to get rich and wealthy, but is takes time (primarily focused on learning and executing).

And start executing on it intentionally.2.

Your contractor or project manager should be first on the scene.Rule #5: Expect the UnexpectedNo matter how good you are at planning and executing your vision, things happen.

And I guess the last line of defense would be my contractor's GL policy (assuming he is still in business).I just don't want to be in a vulnerable position years after selling a property, especially if the contractor is no longer around.

Instead of computer systems trading stocks, these institutions rely on people and paper forms to process the more one-off types of transactions that happen in non-traditional assets like real estate.If you stop at this layer, you have a 3rd party processor that holds the funds and executes transactions at your request. 

Some contractors provide 'rough' estimates with a rough outline of the work, some have told me they can produce a bill that can directly be executed on.- Any comment on reasons to flip or not to flip :)Thanks,Mussa

My goal is to fundraise $1M to help execute my first multifamily deal.To get to that point I have done the following:-Started my website about multifamily investing -Post weekly blog posts-Created a podcast-Reaching out to professionals like yourself to help educate myselfLast year I was scared to put myself out there and go for my goals.Now I’m excited everyday to make an impact and to accomplish my goals.I THANK YOU BP FOR HELPING ME CHANGE MY MINDSET!

I would check with a realtor on those updates again, then execute your plan.

Chris, sadly, I don't think I can answer all your questions, but I do think I might have some information that is helpful...and hoping other investors know.If you plan on being your own GC, I believe you will need to be licensed and insured in the city not only to execute work above water, but also if you (or if you GC'd another investor's property) for any hard money loans.