Remember that this is the type of project where there can be widely varying pricing so in this case you want to get estimates with details.Good luck,Darrell

5) What if the project is some type of value-added project that doesn't generate cash-flow in early period(s), does the preferred return accumulate until there is enough cash-flow to pay all preferred returns?

Just what I have noticed as little hardware pieces and tools and extra labor and other crapola tend to bring costs up about 20 to 30 percent of my initial estimates on just about every project I do.

I do not need my employees knowing about profits, cash flow, etc on different projects.

to get a projected NOI on the property

My feet on the street B of A loan guys are all starting to worry about 2012... does this just mean that they are going to do massive layoffs or is there a possibility that B of A could completely shut down it's mortgage lending unit?

I'd love to network with other KC investors and talk about how we can take advantage of all the great opportunities in this terrific Midwestern city.My primary focus is on long-term buy, rehab, and hold projects in Jackson County, specifically Raytown, Independence, Lee's Summit, and South Kansas City.

If your friend is not interested in doing hands on stuff, I'd research top investors like Ken McElroy on multifamily (MF) properties, or Dave Reynolds and Frank Rolfe on Mobile Home Parks (MHP) and talk to them about doing some silent partner projects.

., my RE agent who performs a lot of my upfront due diligence on potential acquisitions and also is teh agent who lists the properties for re-sale on the exit, my escrow company, my title company, my attorney, my project manager (in this case - he is my Brother), and my insurance agent.

This is one of the main reasons I will have contractors on the next project.