Slower than I would have liked because my main business is in Bozeman and this project was a 3 hour drive away in Missoula.

It would also depend on other factors - such as whether you have a carrying cost (hard money loan) and whether there are next projects that you foresee to close.

out of state investing in a distressed property is possible but very difficult and extremely risky. fastest way of losing money project.

Hi Rob,What is the scale of project you are looking to get into?

They can give you projections based on historical data.

Purchase price: $90,000 Cash invested: $10,000 Sale price: $113,000 New land development project in growing neighborhood.

(If these questions are basic, please forgive me.) 

If you've got a large safety net, or this isn't your first REI project, you could be just fine. 

Will be using a GC for the new build, but after doing 6 flips in Cleveland and running into bottlenecks of how much the GC can handle, I'm wondering if just subbing out each trade would be quicker and cheaper than waiting on GC's who are overbooked and managing over a dozen projects at a time to finish out my own projects. 

My partner works in finance and I have been managing high-profile construction projects for about a decade.