Should I wait a couple of years on the project or should I apply to purchase the land? 

My husband has been a project manager for major commercial construction (hospitals and medical office complexes), so he knows how to run construction projects.

Joel, I don't include a projected advertizing line-item budget in my analysis. 

I have great contractors in my network but we Still bid out projects. 

I've dealt with some of the companies doing owner occupied projects, but I don't think they're the right fit for knocking out a rehab/rent property.  

This type of project is happening a lot in DC, so I am hoping someone has recently done this an can let us know how much it cost.

It is in a 350k neighborhood, we are closing to wrapping up the rehab project (finger crossed).

I’ve also detailed how I do BRRRR projects in KC if you look though my old posts.

See below for pro-forma returns300,000 12 lots average sales price of 25,000-175,000 payoff of principle125,000 after principle payoff-10,000 Less expenses115,000 Balance of net proceeds57,500 net proceeds (lot sales)split 50/5017,500 175,000 @10% for 12 months75,000 projected Investor proceedsThis is an estimated cash on cash return is 43% Where would you begin in evaluating this deal?

Start with small projects.