I currently own a few single-family rental properties that have yielded excellent returns based on my projections.

This can be a $10,000 project.

Lots of projects have stalled. 

I had hired an out-of-state investment consultant and project manager who both turned out to be a complete disaster.

As you mention, its rare to have a project get completed on time and on budget.

Over the last year we have been working on rehabbing the home which has, like most projects turned out to be a bit more than expected.

When I started out it was swinging hammers, DIY projects, and managing local contractors for heavy lifting.

Ok lets take a step back and please dont take this the wrong way or think I am being condescending however here is how loans go.1. you have the borrower  who I guess was introduced to you and is on BP and talks about doing JV s and deals etc.. 2. you agree to lend money on one of his/her projects.3. you identify the property and the amount your willing to loan.4. your borrower will open escrow so you get a lenders policy of title insurane and insure your docs are recorded correctly.. most will prep the mortgage or Trust deed but most will not prep the note they will want an attorney to do that.. 5.

I had hired an out-of-state investment consultant and project manager who both turned out to be a complete disaster.

The episode dropped recently on the BiggerPockets Real Estate Podcast and goes into how these design elements can give your property a competitive edge.If you’re working on a project or investment in Arizona and want some insight on how to approach renovations to maximize value, feel free to reach out.