I am not a handy guy at all and dont know anything about rehabbing or house project. 

All things to consider.Also I see that your ARV is less than your total project cost?

By Value, I mean that Projected Sales Price - Cost of rehab - purchase price leaves a reasonable amount of profit to make it worth it.On Auction.com, I participate in Auctions every week where I have physically gone to properties, tracked down previous owners, done all kinds of analysis to get an understanding what the rehab cost may look like. 

We have slowly acquired a small self storage facility, an 8 unit apartment, completed a large rehab project, and turned our previous personal house into a rental after moving into the rehab project. 

Find a deal on a multi (5 or more units) find an equity partner that will put up the down payment, or find a mentor/partner in the project. 

I'm also hoping to eventually dip my toe into the water of a BRRRR type project, but am concerned that I won't be able to find the right people to do the rehab in a timely or price effective manner. 

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

That means that he can only work on your project after 5 pm and during the weekend.

Looking forward to possibly working on a project with you! 

I'd love to buy the place if she did sell but I just bought my first property and don't have much reserve for both projects.