Investors that have a good deal, say maybe the total costs of the project is 50% of the ARV, seem to think that's enough for a lender because if anything goes wrong, they can just take over the property and "make more money" that way. 

This is one way to manage this large project, and it's a particularly useful tool for California-based investors.

We have access to a project manager and a team of VAs who do general admin tasks, transaction coordination, and marketing.

The city is still continuing to develop, since they've only completed about 50% of the approved construction projects.

Our current goal/focus, however, is getting our first project with our own capital off the ground.

I mentor someone I found on Biggerpockets for free because they had project management experience that was helpful to me in my business! 

I was a little surprised how much the operating costs really are when I try and project what I'll need in 10 years to not have to pay out of pocket for big expenses plus the basic outflow (lawn, lic fees, termite inspections, insurance, taxes...)Here's my question, the property nets 1500 per month after I pull everything out.

If you have to use hard money to buy the place, plus utilities, this could be $1000/month out of your pocket till the project is finished.There are so many moving parts to this game, I keep thinking of other small (or large) details. 

Also are those rent numbers current or projected post-rehab?

Looking to get my first flip project going in my hometown of Yuba City, CA and am having some trouble finding a GC to manage the rehab.