One of the biggest risks I observe with flips and first time investors are instances where the project goes over budget or gets stuck in mud, can't sell and even worse the borrower doesn't have the credit profile to refinance out to a lower interest lending source if borrower is required to hold the property as a rental. 

Purchase price: $120,000 Cash invested: $370,000 Hi BP, Just wanna share my recent co-living new construction project in St.

If you're wanting to use a GC instead of running the project yourself, then I'd ask a couple in the area what their mark-up is, and calculate using those numbers. 

Quote from @Sebastian Bennett: During underwriting they requested entity documentation for past completed projects.

How do you handle disputes or issues during the project?

I can’t say I disagree with the analysis, just think (I’m sure this will sound incredibly stupid in the future) ultimately bonds and mortgages are likely to trade in a very narrow band the next few months, without a really nasty recession I find it hard to see them getting much below the 3.75% they hit Monday, I also think the Fed wants to keep the number below 4.25% because while I don’t think the economy is in a recession or anything it’s clear to me and I think the Fed as well l, that the economy probably can’t handle another year of rates above that, they will lower rates & possibly even taper qt to achieve that outcome.

It is a fundamental of all financial analysis.

But education starts somewhere, and basic analysis and due diligence will enable the investor to avoid the worst investments.  

The Project cost better be the project cost and the ARV better be the ARV. 

Focus on cash flow and exit strategies, and consider starting with a smaller project to gain experience and minimize risk.Good luck!