Thus, before going through the hassle, it would be benfitial to ask a professional run a various projections based on your expected income and how much you would  be donating. 

The property was very clean, but extremely outdated except for the roof.

What is it about this project that is different than what you always knew?

The way you're phrasing it is a little confusing.It would help everyone who is responding to you greatly if you lay out your actual numbers, e.g.xxxx  Rent Revenue(xxx)  Interest Expense(xxx)  Insurance(xxx)  Property Taxes(xxx)  Mgmt Fees(xxx)  Lawncare/repairs/maintence(xxx)  Advertising(xxx)  Tax Depreciation(xxx)  Loan Costs Amortization(xxx)  etc-------------------------xxx/(xxx)  Projected net taxable inc/(loss)

Good MorningYes i mean General contractors,carpenters, small renovation teams,roofing,handyman, anybody that’s good to work with really.I just want to have options in place so when i find some work in a property, i know who to call right away. 

If there is some larger projects that are not a part of your $20,000 rehab budget, then thats probably right. 

Not knowing what your finances look like, I think If you want to be able to retire from your current job in the next ten years, you'll need to get involved in some big projects soon. 

I am so excited that our 4th Flip project finally was closed last Monday.

That was the first time I had the opportunity to lead an entire project from bare-bones beginning to the very end. 

(I would also pay for the monthly rent via my savings/day job – in speaking with the owner, he said it would be a minimal amount because the property needs work).I don't know exact numbers on what the rehab will be, but I've been doing some research on the costs and am working from an average at the moment, as I look up what basic rehabs for kitchens, bathrooms, electrical, plumbing, new roof, etc. could be.