My opinion is that these Class C properties are better for locals who are on site and can check on the properties and do some of their own repairs.

Hello, I wanted to draft a contract for GC to work on various projects with us and I was curious to see if its better to get a proper contract drafted through a lawyer or are there any templates I can use.

Of course it's better to have your own representation.

I wouldn't argue one strategy is better than another.

So what you will renovate is defined by the tenant pool segment, not you.

Is there a form (TREC or otherwise) that you use to define your arrangement with the client so that you cannot be held responsible for any part of the contract or prior negotiations even though you are assisting with a portion of the transaction? 

They can do a quick feasibility analysis to help you understand a very basic scope of work, but when you need more a detailed report, they will do a WWU/SOR that can be used for your 203k loan, and this WWU/SOR will also include a cost estimate that can be used to help gauge contractor's bids.And thank goodness that the Standard 203k requires a contingency reserve to be automatically included with your 203k loan (10%-20%), but the Limited 203k does not.

Anyone can develop them.So ask yourself—what’s one habit you can start today that will make you a better investor tomorrow?

I have been told that it could be better to save the FHA loan for a later property (Possibly a personal one), if you can put 20% down for a standard 30-year fixed loan.

DM us if you'd like better advice than what you've been getting!