I know that you will say you have great people & project management skills as well as follow-through and will manage to budget, but I do not know that for sure until I SEE it and experience it with you.

I'm still working on my networking skills and would like to network with you as well.

A skilled real estate agent is a great resource as well, as MLS databases to give them access to extremely detailed physical data and sales records.

And buying paper to reposition is a very high skill level endevour so I don't see that as passive at all...

If activity is ok and you have skills to rehab, you are likely going to create more equity the more you do yourself.

I'm not in that area, but, if I had to guess, you're probably looking at $3000-5000.Could obviously be more or less depending on:- Type/quality of contractor- Quality of materials- Access to existing wiring- Whether you are willing to do sheetrock repair and painting afterwards- Cost of permits- Your negotiating skill

I finally got my first contract on a small 1000 soft home in a hot neighborhood in Baltimore.

When I buy a company stock I am buying peoples time and management skills, the assets of the company may or may not be worth much.  

Focus on saving and sharpening your skills at locating great deals.I was in the same situation a few years ago. 

I'm in the early stages of developing my single family home into a multi-family condominium building here in Los Angeles.I've created a nice pitch for potential investors, but I don't have the skills or experience necessary to create an accurate pro forma for my project.Is anyone familiar with a company that helps in the creation of these, or is there someone here in the forums that'd assist in creating one for me, for a fee?