How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

I'm looking to finance the project long term in a way that is helps me create positive cashflow.

Has anyone done such a project before?

I'd recommend a HELOC for your situation, especially since there is already good equity in the project.

Lots of folks are pulling out cash based on the appraised value for their next projects and holding for a few years to benefit from appreciation. 

Starting with a single-family can be a great way to start especially if you’re looking for a lower-risk starter project where you can get your hands dirty and learn a ton by doing.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

Making sure that everyone is on the same page.And yes, starting big projects early does make a difference!

Small demolition projects make massive impacts.

While every project is unique, the basics he highlighted are essential parts of any construction contract.