If you take the 5 engineers plus architect each will spend 8+ hours easy on a project so there is 40 hours and that is just to get preliminary / schematic design.

You would pay for the first draw, the lender's inspector would come out and you would be reimbursed and so on until the project is complete.

I have been informed of investor opportunity to invest in New construction condo project.  

I live in Columbia, SC and we are also seeing a lot of influx since prices are still relatively low here, plus there are a couple of big projects bringing thousands of jobs to the area in the next few years as well. 

Have fun with this project and the results will happen ;-)Hi [Owner's Name]!

Underwrite with realistic projections.3.

@Harley Emelia  You need to calculate your Return On Equity ((Cash Flow + Principle Paydown + Projected Appreciation)/Equity).

This project I sold How did you find this deal and how did you negotiate it?

I doubt that I would explore any other projects with this group.

Have you renovated any rentals that you currently own?