Go meet the neighbors and let them know your plans, give them a card, and welcome their call if they ever see something they don't like.If there's a lot of preconstruction clean up, then I go to Home Depot and get enough laborers, tools, and materials to knock it out in a day.  

if you can rent it and hold it for a year you will substantially reduce your tax liability on the property.

The only other costs that there will be is a locksmith to come out and change the locks ($99) and I will need to hire a couple people from Labor Ready to come move all of the items out of the house.

@Caroline Pancotti Sec 8 consider getting a property manager experienced they are more labor intensive but often better profit.Paul

., Specific neighborhoods TBD, long term drivers of market; median household income, labor force participation, bank lending and household formationCriteria- TBD, Define your LTV, cash flow, max purchase amount, max rehab amount, max timeframe, etc.

A recently trending thread started by @Brandon Turner discussed accepting section 8 from an existing tenant but having to accept a reduced rate as a consequence. 

If you feel you can handle it alone, you don't need to negotiate the reduced commission up front.

People are polite and won't tell you these things unless you pull it out of them or let them know it's okay to say how they really feel.Once you get this data you then reduce your house list price and remarket with a new price.

Lots of other things you can do to reduce even that, such as having a self directed 401K.

The exit value quoted was accurate and after some negotiations on my part, the price reduced down to what made sense for me.Deal closed today and I will update you all on the progress of this flip.