I do understand there are advantages for using preferred vendors as well, but given that it’s clear I know very little about real estate, insurance, and construction, I’m worried that we’re going to be taken advantage of.

In hindsight, I wish I started as a wholesaler to learn ARV and construction estimating before risking my own equity. 

As far as hanging around for the process and the actual construction there might be an issue with a contractor's liability insurance and workman's comp policy so that subject may come up. 

There's nothing different about valuation in NYC than anywhere else.In fact, depending on the neighborhood, due to a fairly homogenous housing stock (eg; stick construction 3 or 4 family row-houses), I'd argue it's easier to value some properties because they're all "the same".  

This is becoming real annoying, was wondering how you guys construct the ads so that you can minimize these, calls only maybe? 

who gets the vertical construction loan ? 

I felt this would complement my Construction Science coursework and home building experience. 

Lots of construction(rehabs) and investing going on in the area.

Thanks to all that had constructive feedback. 

I have 3 directions i could go and I'm looking for advice from my fellow BP investors. 1) My first thought is i should just find the highest paying job i can get to be able to raise the capital i need for my deals regardless of how unenjoyable and time consuming it is.  2) my second thought would be get a job with a construction/remodeling company.