Brandon Turner does a great job going over different strategies in his book "Invest in Real Estate with No (or little) Money Down".

Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.

To address this I took detailed pictures from beginning to end of my most recent flip, documenting that we did a thorough job using quality materials.   

You should take a job for the education and not the money.

Misjudged the job cost (contractor error, usually results in asking for more money)2.

I am now working with Logical Property Management and they have done a great job thus far. 

You will find some of the people you market to (friends,family, former job associates,etc.) will say ( I am an agent, I used to be an agent, I already know someone I use who is an agent,etc.)This is one of the toughest professions in the world.

They would do a stellar job helping you navigate and landing hand managing :)

If they have excellent credit, great job history, great references and you met them and got a good feel. 

Because one of my first questions dealt with the job’s complexity, to which I asked the loan officer to review with underwriting if this would be a problem.