Keep in mind that there is an opportunity cost of $1K/mo in lost rent for every month it is in rehab and not performing. 

He's a great guy to have on your team and is connected to amazing people in the area. 

Most folks I competed against had to do all the work themelves I had teams.. so we did pretty good.I see wholesaling the same way.. pretty tough  other than in under served markets were the values of the assets are traded like used cars.. literally.

It may need 10k of flooring, paint, new kitchen plus you will be down for 3-6 months getting it ready so account for all that lost rent.Is it worth it and do you have the capital at this time to do that rehab.

I spent a few decades creating my teams.. but 99% of my folks don't have the BP mentality were they are looking for the highest returns and willing to take some risk.. my folks are coupon clippers.. but my folks COC returns will beat most rentals. especially west coast.. but again its completely different asset and people have all sorts of different reasons for investing in certain things..

I got lost about half way through. paragraph ˈperəˌɡraf/nounnoun: paragraph; plural noun: paragraphs1. a distinct section of a piece of writing, usually dealing with a single theme and indicated by a new line, indentation, or numbering.synonyms:section, subdivision, part, subsection, division, portion, segment, passageMore"the concluding paragraph" report, article, item, sidebar, piece, write-up, mention"a paragraph in the newspaper" verbverb: paragraph; 3rd person present: paragraphs; past tense: paragraphed; past participle: paragraphed; gerund or present participle: paragraphing1. arrange (a piece of writing) in paragraphs.

Here are a couple resources the BP team provided for me in response: Beginner’s guide: http://www.biggerpockets.com/real-estate-investingSet up keyword alerts: http://www.biggerpockets.com/alertsThey also have a great podcast to check out.Feel free to reach out with any questions or just to connect! 

I am looking to get a team together to start investing this year.I am a mechanical engineer working as a sales engineer in the Commercial HVAC industry for the sate of Indiana.  

Build a relationship and then start to work as a team to fix any issues you may have, in your case...timing....  

- After we've found a property we like, what's the best way to assemble a reliable team, especially if the property is out of state?