Donald - after remodeling more than 50+ units in the last few years I would recommend starting with your formula (finance, cash, long term requirements etc) and strategy (hold or sell). IF YOU DO NOT you will risk falling down. Sometimes it is better to buy and just rent and hold and remodel at a later date and sometimes it is better to 'go fro broke' and re-sell for fast cash on cash return. What is your formula and strategies to suit this formula?
Once you have this 'firmed up' go out and build yor team - contractors, title agents, attorney, banks (financing options), appraisers and of course a good qualified Realtor...Hope this helps...... more