A commercial broker with this level of experience likely does not want to work on small projects.

This also includes getting an inspection and understanding the amount of time and money that will go into the project.

Reinvest into active projects...All the "millionaires" that have "equity" stacked up are cash poor.

Hello VZ,Sorry for the late reply, I have a contractor that I've worked with on two projects.

I was in the market for a project and they asked me to appraise to set selling price.

The best approach is to find someone who is local to you and do a Joint Venture for the first project.

Don't avoid these at the right price but be careful and know what kind of project you are taking on!

Don't avoid these at the right price but be careful and know what kind of project you are taking on!

Cost of project includes 25% of purchase price ($165,000 x .25= $41,250) $24,000 rehab costs and $6,600 in closing cost.  

This is inevitably going to cut into the bottom line, but usuing an experienced project manager for your first project is going to teach you valuable lessons instead of having to learn the hard way.