Fix and Flips get a lot of glam as quick way to make some money... but if you don't know how to mange the project or vet contractors or do the work yourself it can eat up all your capital quick.

I work in marketing with a private money lender who focuses on lending for rehab projects.

You can also have one person be chosen to manage the project and then that person holds all the funds in the account. 

A few friends who is not accredited investor would like to go in with me by relying on my analysis.

The unit was a condo conversion from low income housing in an 8 unit brownstone 3 blocks from the projects. 

Know the experience of the investor and their past projects. 

Jay Patel's comments make sense about doing lots of analysis to help get the answers. 

Our downtown area has had a huge revamp, we're one of the hottest destinations for college-educated millennials (which is great for the economy and future population growth), and our unemployment rate has been dropping steadily, https://data.bls.gov/timeseries/LAUMT0113820000000...One of our team members worked up a pretty comprehensive report with some great stats on this market, so anyone can feel free to reach out via DM and I'll shoot it over, or you can download it for free over at Keith Weinhold's awesome site, Get Rich Education: http://www.getricheducation.com/project/117-birmin...

However I am looking for new construction estimates more that rehab estimates for this particular project.

I'm currently looking for fix and flip projects in Waldorf, Clarksburg, Frederick, Annapolis, PG County, Montgomery County.If I can assist you in any way just contact me.