@Austin FoxFirst thing get a lease executed.

Be prepared when the deal doesn't perform the way you have outlined in your PPM and executive summary.

You can be the Dealfinder - the person that puts together deals that make sense to the others (the Money and the Execution)-- or you can be the Execution - the one that handles the process of procuring, managing, rehabbing, etc.   

Generally, they require more cash to execute.

You're basically going to be doing work that is paid on par of a high-level executive in a mid-sized company or a medical specialist like an open-heart surgeon. 

Between now and February is a good time to execute that plan.

You should request and obtain an executed IRS Form W-9 from the independent contractor.You may have an obligation to issue the IC a 1099-MISC depending on the information on the W-9, how much you paid the IC, and the method of payment.

I'm helping a few clients a year execute on this exact strategy in Dallas Ft.

Cant wait) So it can be done - but I got lucky and the business had an executive director with lots of experience who stuck by me.   

I do realize l may have to execute a couple of fix and flips for lump sums of revenue eventually to move up to multi family homes 2 to 6 inits or more.