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. 

Let's project this out shall we:1 - If each deal takes 18 months (assuming they are all the same) to fund/cash, and...2 - Each deal generates $7k (with all being perfect) at a cost per deal (in cash) of $85k.Goals:1 - $100k/year ~ $8k/month2 - Needs 14 properties to =~ $100k/month3 - 18 months * 14 properties = 252 months (21 years), and that doesn't include the time each deal takes to find, negotiate, finance, close, put a tenant in, etc...or any problems with the properties along the way.4 - Total cost out of pocket (not counting surprises):  $1.2M