Have a licensed company test for abestos and lead prior to buying.

Hi Im looking for Atlanta Area an insured and licensed General Contractor to rehab single family homes....any recommendation ?

.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage)  When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it. 

The line is properly capped, turned off and secured when the tenant leaves.

My wife and I are properly into this now.

That is how you get in big trouble.Another recommendation: If you want to make even better money, invest in yourself and become a licensed real estate agent.

Im a licensed real estate agent (this year) and got into it by listening to bigger pockets podcasts and wanting to dive into the real estate industry.

I've got a friend back home who has their Real Estate License and has expressed interest in teaming up with me to work a deal.Asking Price: $117,000Offer Price: $75,000Rehab Costs: $25,000ARV: $140,000I did a little simple analysis on a potential flip property.

I do carry an Ohio license so let me know if I can be of some help to you.

If you do not know the ARV it is difficult to determine the proper purchase price that will allow you to eventually complete the Refi portion of the process.