I'm doing most of the work myself, saving a LOT of money but I'm putting a lot of time into the project.

This is Not a “figure it out as you go” project......many times the short sale is doomed when the purchase contract is signed, not considering all the proper factors that a first timer would never have heard of. 

My parents in their older age require yearly cash flow, while I, as a young whippersnapper, could go on eating ramen all year if it means a big IRR rip when my condo project finishes next year.

I work for an architecture firm where I create budgets, cash flow projections, prepare and analyze the financial statements, create A/R receivable schedules, etc.

Both have good projected returns.

The project has reached over a year to finish.

I can find deals, manage the projects, and deal with the associated headaches.

I have a potential rehab project coming up in that area but want to get some good recommendations before the rehab becomes a sure thing?

I'm planning to work for a project developer as my day time job to pay off my loan and save money.

I would love to get some feedback and tips from those of you out there with experiences in partnership in order for me to assess the viability of this project.