The first tip would be to expect to go about 6 months without getting paid!

The reason to put them in writing and to follow to a "T" is it will protect you from a professional victim.  

Keep your end of the bargain and always let them know clearly that you expect them to do the same. 

I feel the answers to these questions will provide solid ground for any newbie who is thinking "what should my next steps be".1) How much should a new flipper expect to come out of pocket for when doing first couple of flips?

First quotes were at 4.00 USD.The final net cost after all the incentives is 1.7 USD / watt and based on the first 9 months I expect a yearly yield of ~8%.Still an ok investment and at least I am now a bit greener than before !

So he didn't freak out like I/we expected!

In todays market, and in the particular niche that we focus on which is class B stabilized multifamily with value add fundamentals, an enticing deal for investors is one where they can expect to nearly double their investment in 5 years and get cash flow  (8-10% yearly avg) from day one. 

I'd expect you to take off a bit now that you're taking action!

Your go-to lender can probably give you names and phone numbers of a couple.Appraisers are paid for their opinions and information, so don't expect a lot of info for free.

@Mitchell Benson well that was a load I was expecting, but not wanting to hear.