I'm currently projected to earn 15% for my first year.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

You only get a sense of this by meeting face-to-face once or twice.A bad borrower can kill a great project.

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

In the next 5 years, we have 2 twin span international bridge projects, a new hospital, and the expansions of the university and college.

It allows you to skip the stress and time-consuming process of managing rehab projects and focus on the cash flow aspect. 

I graduated with a degree in construction management, moved to Dallas Texas to work with a large construction company building projects anywhere from 30 million on up to 1.2 billion.

I live in a small rural town in MissouriIts an airbnb but I've had people from a solar plantation project in there for the last 5 months renting out at 2250. 

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

That should really be the deciding factor...is it necessary and a large enough project to include the permit process?