There are alot of good deals, but the old houses scares me (Maybe to much maintenance cost in the long run) I'm a new investor and was wondering do you have any good contacts for contractors (you mention that you are doing a rehab) Good luck and happy investing.

If you don't have a crew and need contractors a full flip on a bigger home like this could get you between $4000 and $8000.

You build a buyers list, then find old houses which you get a contract, they sell your contract or sell the house to someone on your buyer's list.

When things go wrong, other good and hardworking contractors, tend to get a bad reputation.

I'm a contractor and remodeling specialist and have recently been approached by a real estate professional to possibly team up on rehabbing.

In most cases you will get your deposit back, but be careful how you word your reason termination and make sure it doesn't break any agreements of the contract or short sale addendum.

I used to work as a home builder so I'm used to working with sub contractors.

You can always call an HVAC contractor about a free estimate.

If he has two years W-2s I'd go with that, much of what contractors do is write off all they can find, usually not a real cash expense.what's his credit?

If you have rehab experience, if not, you may need a lead contractor involved who has experience.