For example, one partner has cash, another has construction experience, and the third partner has a real estate background.It sounds like you both possess similar skills, time constraints, and lack of experience.

But regardless of how many strategies I may want to use, if I can't perform the basic of basics, level 1 real estate of acquisition of any property or have a stake in it, I don't think I'll last very long.

Builders will need skilled labor.

I guess what I’m asking is, have any new investors had problems getting HMLs because of your experience level?

A good GC should also be almost cost neutral but provide the benefits of extensive project management experience.If you feel your project management skills are able to handle project, I would say go for it.

Depends on comfort level, your interest in learning the costs and process of running a rehab.

The bank, IF they were to sell would have some pretty high demands on the level at which this trades.

I also have long term business and friendship connections with them, so there is a strong level of trust.Thoughts?

We bought it for $27,000 9/25/13 and put $10,800 in rehab which included stablizing the foundation with 9 beams and leveling the floors, refinishing hardwood floors, re-converting 2br to 3br., tub surround, kitchen/bath flooring, texture and paint int., new ceiling fans throughout.

Provided they lived in the home as their primary residence for at least two years, they could sell it and exclude the gain under Section 121 up to the maximum level of $250,000/$500,000.