In addition, how would refinancing a few years down the road change the equation/outcome?

In addition, put in your contract that $5k-$10k will be kept in escrow until they move out, with the stipulation that if you are forced to evict them, the escrow can be used for eviction costs.

I am finishing my basement and need additional outlets, fixtures and se grounding.

-  in addition to the two options you listed, I would likely also be considering an FHA owner / occupied multifamily, as this could be a great cash flow generator down the line. 

@Peyton Leal My first comment will be Education. start there. in addition to that look at your financial situation to determine where you want and Can go..?

(and that's not including additional profit).If I am analyzing correctly, the ARV should be around $750k.

Hi BPersWe are looking to do a significant remodel of our primary residence  (a 1400 sqft addition plus remodeling of most of the house) but are having difficulty finding a GC that uses cost-plus rather than fixed pricing. 

You don’t “get around it”.....the receiver is owed money which will have to be paid, in addition to any liens, fines, rehab costs, etc.

These are professionals with additional training and a stricter code of ethics.

So Google “real estate meet ups Baltimore” , pick several and go network.In addition to defining your strategy/focus as Ned mentions above,  another action step is to lay out the steps you need to complete (preferably in priority order) to set yourself up for a faster ramp up in your area of focus.