a misunderstanding cost me one month of headaches for me, tenant and i have one abatement (hud not paying rent to owner because of list of repairs not taken care of) on my record. sometime the inspectors let you do small repairs/adjustments on the fly. understand that the vast majority of inspectors are not there to "get you": are there to make sure there is no danger/slumlording happening.

@Mark GrazianoI guess my advice is that you need to make money before you figure out how to set up for a major business. 

This is all happening fairly quickly and I don’t want to make any major mistakes as I’m trying to set this up for my son.

Any major factors here to be concerned with as I model this?

Fair Housing is major and in Howard County, MD you can not reject a tenant because of Section 8 status.

The majority of those that laughed at my decrepit house buys at 18% interest, told me I was a FOOL spending every night & vacation rehabbing & that I would NEVER make money in REI, still can't afford to retire.

The cost to replace will depend on whether those are still structurally sound enough to sister in new joists ( basic labor job plus lumber ) or if they are crumbling and need to be removed to be replaced ( major job, skilled labor, temporary supports, remove and replace ).

That is what the position is called, it is with a major bank (wells) to provide loans for homeowners. 

However his work and employees work on certain items would be a major contribution.My partner would have the GC license, be able to run things day to day give direction where necessary, pull permits etc.  

I have a home located in Aliceville, Alabama and it need major repairs done to the flooring.