The flipping involves everything from finding the property, negotiating the deal, determining what needs to be done to the property, dealing with the renovation planning to include getting it approved by the local authorities, performing the work on the property or finding and supervising the contractors or employees who will do the work on the property, paying all associated bills for the property to include HOA fees, utilities, insurance, and taxes, coordinating all aspects of the rehab which goes beyond just hiring contractors, passing all inspections, staging the property, determining sales price at completions (which may be different than initial ARV projection), staging the property (if desired), finding and supervising the realtor selling the property.  

You came to the right place to learn about various aspects of real estate and more!

The plan is to establish a RE investment business with my brother and to focus on the wholesaling aspect at the beginning and then branch out into rentals and rehabs, although nothing goes quite as planned.  

I know there are other things to consider, but right now, I'm just focusing on the construction aspect of the project.

My thinking is to come up with a number and then give her a "discount" until certain aspects are completed.

Goodmorning BP,The art of being able to create efficient, simple & productive systems and be able to implement them successfully is an important aspect of any business.

In my opinion, the best reason to get a home inspection is so that you can create a scope of work, generate a budget, get estimates from contractors and ultimately do a full analysis of the project to determine if you want to move forward and at what price.While you will certainly still need to do a full inspection of every aspect of the house after closing and before starting the rehab, I see little reason to use a home inspector at this point.  

There are some aspects of remodeling that i enjoy doing.  

It is a good community to network and learn about all aspects of real-estate investing.

Should be interesting to see how it all works out since there will be so many new changes affecting so many aspects of the deals.Good faith estimates will be goneHUD1's will be goneRedisclosure time periods should be interesting for agents in the field when having to deal with title companies and lenders that are not prepared for the changes.Over all I think it is a better system for the consumer which is most important but many will not be prepared for the changes and it will still affect deals of the experienced agents due to the other side of the deal not being up to speed.In real estate you have to roll with the changes and adapt.