Find the properties, do the rehab, manage the project?

The back-up plan is to simply flip the property and take the cash out now for the next project.The Project (2 unit Multi-Family):Acquisition/rehabLand Acquisition:     275k (I'd use my cash to buy)Hard Money Loan:  100k (I might use my home equity line at 4% APR over 20)ARV:                           465k (This is my best assumption based on other comps)Refinance:                348,650Cash out:                  26,250Income:Rent:                         1800x2 (This is conservative)Capex/Maint.          300x2Expenses:                400 (water/trash/electric/sewage/insurance)Using these numbers the property looks like it generates a COC return of about 30% per anum (on the 26k outstanding).

I have plenty of friends using money to fund their projects and really, have no idea where the funds are coming from.

Without an asset management fee in place (and corresponding language in the operating/company agreement) there is no incentive for another person or entity to take the reigns and see the project through.Another important consideration is the probability that revenue does not meet and exceed the preferred return, in which case the issuer/manager would not receive a cash flow - this can lead to reduced effort and mismanagement of the assets. 

I have offered to help on projects since I have some skills in trades, but people don't want someone that can only show up for a few hours a day. 

The house building experience taught me a lot about working with contractors, negotiating, and project management that I would later use in my real estate investing.When we closed on the mortgage for our new house, we had the house appraised and we were shocked when house appraised at over $150,000 more that we had invested into the house.

I'm just about to start my first house hack duplex rehab project here are ideas I'm considering:-high efficiency toilet system-ceiling fans in bedrooms and main rooms-electronic keypad door locks-programmable thermostat-programmable electric bathroom baseboard heater

Also, adjacent to the Edgewick condo community, new construction project.

Also, a HML will not give you funds to purchase materials to get the project started.

I have a project in WG that I am negotiating and will need a GC.