Secondly, someone with a good reputation and good customer service.

I buy with a buyers agent and use their preferred title company.

I understand the architect aspect but I own my plans.. so I only buy them once.we are not building ultra customs .. although I have in Charleston were I spend 30 to 50k on architect because its what is required in the historic district but other than that 1500 to 2500 to buy stock plans.. pretty simple. 

I know that there is a website that lists 203k contractors but I prefer to use recommended contractors and have them complete work on a 3 flat.

I know that there is a website that lists 203k contractors but I prefer to use recommended contractors and have them complete work on a 3 flat.

@Michelle Shriver Well it wouldn't hurt to give customer support a call and see what they can do.

I prefer crimping rather than sharkbite for a number of reasons. 

Which leads to my second point: here is a recipe for crashing and burning that everyone should be familiar with because it happened repeatedly in '08-'10. 1) Buy houses with 15% down in neighborhoods that have a lot of competition for rentals and would face downward pressure on rents in a bad economy; 2) hire property managers for about 10% of the take because the houses are more than you can handle personally, 3) make sure the cash flow is below $400 a month, and preferably right around $0; 4) have few assets in the bank or liquid; 5) wait for an economic crisis.Point being, you can be on too fast a track such that when the music stops, you have no place to sit.

Well again I prefer rents to sales price ratios when doing that quick initial math.

@Mathew Zorn Hey i am still in the process of learning about wholesaling but the whole concept is to find a good deal below market value put it under contract and find a investor preferably a cash buyer who is going to buy the house for more than what you got the seller to agree to and you as the middle man get the difference from what the seller agreed to sell for and what the investor is willing to buy it for.