Are you still interested in this project?

Since their project is running longer than anticipated they can't speak to the ROI yet and whether they're going to make the return that was projected / advertised.

I have worked as a commercial project manager, have done live in flips, and have built my own house but I have no record as a builder.

My partner and I are both in the Idaho Falls area and the project is in Nebraska.

That sounds amazing, I hope your investments generate massive value!  

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.You can get a whole bunch of cheap debt which your tenants will pay down over time, massive appreciation and potential cash flow if you buy right. 

They were faced with massive foreclosures on properties that were worth less than the cost of the foreclosure process.

Buy in super small towns and they may not have a plumber, electrician or HVAC person who even wants to visit your project?

You can still find a place that will do 15% cash on cash if you are patient.The real opportunity now is if you have the guts and budget to take on projects in the older inventory of homes here. 

We want to make sure you're profiting off these projects.