After my share of CON-tractor stories, I only hire licensed/insured professionals in good standing with the state of Florida and who have at least 2-3 good referrals I can verify.

The 1% rule will kill you if you use it that way.To offer a single data point, I’ve looked for turnkey rentals in the Denver proper area (hot neighborhoods) and have never seen rent that matched the 1% rule in the last 18 months.

I would get at least 3 bids from licensed contractors.

I'm still wet behind the ears and looking for my first deal.I started up a window cleaning, pressure washing, and gutter cleaning business August 2016 but that was under my Father-in-law on his books, and I started up officially under my own business license in February 2017. 

Who are you hanging your license with?

(Before the backlash, I have been a licensed realtor in PA for over 20 years).

Next, I proceeded to get my Real Estate license and then shortly after my general contractor license.

Rehabbers and Flippers - do you have your own GC license?

Once obtaining the license you get your money back from those who will sponsor your schooling after 1st transaction.

Are most Vendors who Supply & Install Licensed, Bonded, Insured in the same manner as GC's?