The site Fixr has estimates on the costs of projects.  

Hi Sasan,I was General Counsel for a developer/operator of over 15 assisted living projects in Texas and Alabama.Have you spoken to a consultant?

Today, you need to target heavy rehab projects, listings about to expire, those that went from pending back to active, or those with high days on market. 

Set your searches in your zip codes for your criteria of projects.

Fix and Flips get a lot of glam as quick way to make some money... but if you don't know how to mange the project or vet contractors or do the work yourself it can eat up all your capital quick.

I work in marketing with a private money lender who focuses on lending for rehab projects.

You can also have one person be chosen to manage the project and then that person holds all the funds in the account. 

The unit was a condo conversion from low income housing in an 8 unit brownstone 3 blocks from the projects. 

Know the experience of the investor and their past projects. 

These files are massive for videos.