You'll want to make sure your realtor is real estate investor focused, not just for regular home buyers.

i understand the best route is to form relationships at meetups with agents who can provide a pipeline of solid deals. i do call listing agents regularly to introduce myself and let them know I am looking to buy flips. i plan on repesenting myself as buyers agent to limit the selling costs as well. best of luck to you and your son as well! 

Despite owning a condo they are not what I generally recommend due to fees and likely abundant supply when it comes to resale and renting. 

It sounds like you might be after a JV partner to supply the money while you handle deal source, rehab, tenant placement and management?

Too limited control over supply. 

Always looking to learn from people who see this stuff regularly.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.

There's a few "regulars" here that you will see often, and new members joining everyday.

I regularly buy 80-120 year old buildings and the biggest expense I’ve had that was not planned for was putting in a new larger hot water heater in a location where the old one wasn’t quite keeping up.

Will you provide regular updates, and how quickly do you respond to inquiries?