A hail storm blows through and five of your rentals need a new roof at $7,000 each.Total cost: $35,000Subtract $1,000 deductible for each house ($5,000 total) which means you need $30,000 to replace the five roofs.Replacement cost insurance pays the full $30,000.

Still trying to finish the rehab. sometimes it seems the big projects are easier jobs for me to complete  than the little jobs.

I have a ton of construction experience and contractor management experience for multi-million dollar projects if that counts for anything (My W2 job is a project manager for a huge general contractor).Does anyone have a piece of advice for me regarding funding my first flip?

Brian, I don't think investors WANT to see 50 or 100 houses before they make an offer but I would make a couple of points:1) As I tell my life partner "you have to kiss a lot of toads" before you find the right one but this is related to how you find the home...meaning if it is on the MLS - typically harder to find a deal although not impossible, if you drive for dollars you might have to look a lot of owners up but if you get to the point to see one odds start to flow in your favor2) If what you refer to is being a newbie and trying to understand what a good deal is or is not and if you have the time, touring that many properties to get an idea of value is fine.I have a w2 job and family so never had the time to specifically look at 100 properties with no intention to buy --  this is in no way a requirement.  

---I understand that i am basically asking the same question as i was in the first thread but i thought i would get better responses in this part of the sub-forum as i'm guessing there are plenty of people out there who are in the same situation as me in that they don't have a "stable income from a job" or are self employed and i'm wondering what method they did to be able to get a mortgage

We are looking to eventually quit our jobs and give back to the community.Our tentative plan once we feel comfortable is to flip a few properties and eventually own rental, multifamily, or single family homes to replace our income to build passive income. 

I libe near Philadelphia with a very Full-time job and two kids I have a 200k line approved on my primary home ( it’s worth 450 easily and I own it outright at the moment)I’ve been to a few REIA meetups and met some local wholesalers and brokers, etc.

I'd imagine most of the horror stories you've heard about dealing with permits were people who didn't pull them at all or from people who didn't hire professionals to do the job correctly.

My corp W2 job is based out of Cincinnati and I've been looking for multifamily's out there but the market is just insane as well....a 4 unit we looked at is selling for $60k more than the seller bought it for 1yr ago and only slapped a bad paintjob into the units and called it rehab. 

I found a company that has construction, management and brokerage under 1 roof and operates in Indy, Charlotte and Kansas City..These markets have population >1 Million with consistent growth; Good jobs and low unemployment, inexpensive houses in working class neighborhoods that create returns of at least the 1% rule and are cities with excellent credit ratings allowing them to invest back into the city.My first purchases 5 years ago included visiting the company and interviewing the employees for the systems they use, inspecting the houses and then reviewing the monthly reports once the purchases were made.