We have sold a few properties and experiencing this process from the seller's side double underlined that for me. 

So I’d like to get some different insights and perspectives from experienced developers on things that I need to focus on and not overlook during the GC selection and later development process.

Would love any insights or advice from experienced real estate investors!

Well, this my opinion, if you like unpredictability, constant change and people/contractors with no regards to you or your property then "YES" flips and STRs are the way to go...LOL....I love it!!! 

In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple. 

Partnering with experienced investors can also provide guidance.

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If you're looking for all the differences between the 6 types of renovation loans (Limited 203k, Standard 203k, Homestyle, ChoiceRenovation, VA, and USDA), you're best to use the internet or have a 1-2 hour conversation/meeting with me or an experienced renovation lender. 

Sounds like you all area experiencing it as well. 

But, I never used them before for civil engineering and architectural work.My question to any experienced investors is please suggest what is the best route to go about this project ?