For those actively rehabbing now: what’s your biggest pain point (contractors, materials, hold time, resale risk)?

Do you lock in materials early, build relationships with consistent contractors, or budget a certain percentage buffer?

We're based out of California, but have a solid team in Atlanta, including a contractor and realtor.Due to the distance, we've had some challenges with in-person meetups.

My contractor is on board with the project and is excited to get it going.

Do the same with property managers and general contractors.

I’ve actually seen out-of-state BRRRRs work well over the last couple years, but only for investors who treat it like a business, not a side project.The key has been building a local operations system (property manager, contractor, and boots-on-the-ground contact) before ever closing.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

Relationships are your best asset — from lenders to contractors to mentors.Analyze daily.

Start by lining up a solid contractor, inspector, lender, and agent with investor experience. 

Cool thing is they have a network of previously used/vetted contractors of all sorts you could use too and have suggestions for insurance, PMs, etc.