Most banks will require between 20-25% of total costs of the construction project (including land, building costs, permit costs, soft costs, etc). 

If you want the project to cost you less, do it faster.

I have estimates of the costs for architectural services and a ball park figures for the renovation costs, acquisition costs and a financial projection of the revenues and investor recompense. 

Plus, they can provide you with monthly information and project (rehab) tracking information as you need it.  

I've spent seven hundred hours on my personal real estate projects this year...there is no way I'd commit that kind of time if I wasn't making a profit.

If in theory this project is brand new with separate meters, intact plumbing, electrical boxes etc. still only 2 unit building, should the process be straight forward?

We are familiar with many of the limitations the Honolulu Department of Planning and Permits places on such a project.

You need to look through the Wind Shield in order to anticipate if the road ahead is clear or if there are obstacles that you need to avoid.Once you understand how to Drive your Business (or Investment), you start to do calculations based on the future, such as 10 year projections with Annualized Rental Increases, Expenses Increases, Rates of Return, Discounted Cash Flows, Internal Rates of Returns, etc.The people who think you can't calculate the future somehow missed the education which clearly has financial formulas that are designed for that.I am hoping the readers of this post really try to think about why there are formulas like FUTURE VALUE (FV)....... is that just something in someone's imagination?!

Some items on your Schedule E will be added back, like mortgage interest, to determine the rental income...you will want to ask some banks what numbers they add back, and that can help you project what amount of income you will have from your rentals for consideration of the loan.

I have project in the Branchville area and I need a pro to do some load calculations for me.