Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

This depends on the neighborhood, material/finishes, custom touches, new roof, HVAC, electrical, plumbing, and ARV.

In my state, owning an LLC is quite expensive (800/year), so the risk/reward calculation is a little more skewed, but still generally makes sense for larger MFR deals.The debate really heats up if you're talking about residential class (1-4 units) as there are material advantages to owning under your personal name.

Materially participate in crafting your goal(s), your plan (working backwards from your specified goal(s).  

We have Lowes and other accounts to purchase materials for repairs or renovations.

Agreed with @Theresa HarrisGet a contractor recommendation (or multiple) from your friend and reach out to GCs yourself to have a couple of quotes and ideas for the renovation project.During the walkthroughs, you can pick the contractor's brain regarding pricing on different material grades, efficient layout ideas, etc.

New investors can go at there own pace, build relationships, and get better deals on materials and labor. 

I noticed on Zillow that asbestos was listed as a building material, but I didn't pay attention to it until my insurance agent mentioned it.

I requested copies of the income taxes for them both and it looks like this could be a pretty good deal but I'm not sure how much he spends on materials to keep them running as that was not included in his "financial report" (which was a piece of paper with number written for utilities).

With the $1k class you get the information, use of their logo, access to marketing print material for an additional charge and you can purchase the crm separately as well.