My wife and I come from a manufacturing leadership and project management background. 

Quote from @Scott Scoville: Just finished one of our bigger projects.

Being able to be on site and able to commute 20-30 hours a week on the project is crucial for me 

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

We're not aware of anyone that's made a purchase from them work in over 3 years:(Most of the incentives in Detroit are targeted to owners that will live in their home or developers targeting large projects.

Some situations where they (the projects) do not go the way of making the profit as you wanted, but there are still deals out there to be had.. 

You are using the projected rental income from the subject property.

My husband is a contractor, and we’ve done projects like this before for our own home.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.