I was overwhelmed with projects at the time but paid $35,000 and sold two years later without any improvements for $125,000. 

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

The best projects I've seen from my desk are folks who are doing hyper-targeted, well-researched deals that are generally in higher cost of living (there are exceptions) areas. 

Purchase price: $170,000 Cash invested: $60,000 Sale price: $280,000 It was my first project.

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

It's very hard to say if a 50/50 cash flow split is good without seeing the numbers for the project.

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

A partial renovation turned into a full-scale project, doubling my $10,000 budget to $20,000.

In some cases, it might even mean you can buy your next house all cash.Financing Home ImprovementsThinking about upgrading your kitchen, adding a home office, or tackling other projects?

Projected rent $7000/ mo.