not worth it for the course.It is only one SFH so if the property is in good condition, you probably won't even have much maintenance involved.bookkeeping, just make sure you have record of the income, receipts for the expenses and capital improvements. you can give this to your CPA at year end.you just need to make a list of vendors that you will need just in case of emergency at 2am in the morning plumbing problems and others.

I'm struggling with how to fairly pay my contractor without being taken advantage of.  

Just trying to protect you from getting burned on deal #1 and losing too much to try again. 

You need to get a service like prop stream or property radar, water down your search on what you are looking for aka probate, NOD, and more.

However, if one falls in my lap, I know how to work it for a while until I may decide to sell.

How to submit offer myself.

I decided to just let it go and move on for now.

Use that LLC to buy/ hold/ finance the properties.

I’m a mortgage broker and investor in Florida, and I often run into this situation with clients — a big price jump after a flip doesn’t mean it’s a bad deal, but you want to make sure the rents support your expenses on the property. 

The expectation is that you will be able to put more money down to make it cash flow, but that kills your cash-on-cash return.