We are experienced and located in Southern California, so we could remotely manage the project and come up every few weeks.Referrals to experienced general contractors & subs in the area would be greatly appreciated!

I'm a Senior Project Manager for a local architectural firm and have been in the profession for the last 17 years. 

Hi Vincent - If you're eager to get started with multiple projects right off the bat, it would be wise to look into borrowing in order to minimize your capital contributions.

Keep us updated on how the rehab goes, would love to keep up on your project.

Is it uncommon to have your ARV be appraised in such a way that you can refinance out and get reimbursed 100% of funds put into the project?

Based on projections and current bookings, I'm on track to make anywhere from 35-50% more than rental cost each month.Yolanda

Another option was to level it and put up a duplex which will cost about 400k and I️ work with a GC which we would do all the work and his brother has the money to invest into the project to make it happen.

You need to budget the rehab project for worst case scenario and it still needs to work with that rehab cost or you risk going over budget.

Hey BPso im a canadian resident and i own a property in SWFL in cape coral worth about 200k, it is fully paid off so no liens or mortgage or anything.Im looking to refinance it to pull out my cash and move to another project and just rent this out, I called the bank of america and they told me they could give me 50k or something line of credit with 19% interest secure with my house but thats obviously not what i want at all.

I asked around about the architect and found he was telling the truth about doing a lot of business in the city and in fact has been hired by the city for projects on their behalf.