This is for a commercial office renovation project that will take 12 months to renovate and another 12 months to complete leasing and stabilization.  

Here is a link to the original question, which was about Historical Home Renovation and tax credits from the city of Durham.https://www.biggerpockets.com/forums/48/topics/272515-historic-property-buy-and-hold-with-tax-credits

I would love to be hands on in the renovations; anything that involves painting, building, fixing and etc.

I love very distressed projects in need of a full gut renovation.  

We bought our fist house for $43,000, we spent about $40,000 on the renovation and will be selling it for $115,000.

It will be in the BRRR mold, as it needs a rather large renovation.  

I have knocked on doors(a summer gig), sold cars(successfully |salesman of the month out of 40 twice in 12months| & consistently just wasn't around enough winners to want to keep at it), worked in construction (I am currently helping renovate a home in Yakima, Washington), coached high school football, cleaned carpets (straight commission) and recently started a business online and learned several programming languages (HTML - CSS - JavaScript - Ruby - and bit of Python and backend database SQL stuff) and can design a fully responsive website from scratch.

Most of my investor clients like to see a potential profit of 18% or more (total cost to buy + cost to renovate + cost to sell = 82% of future sales price).For buy and hold properties, simply try to find something at the appropriate cap rate or better.

Just say "I want to spend $50K to buy a house in a neighborhood where, after I renovate it, the ARV will be $100K." 

Currently there is a building for sale ($60,000) on our main street, which on the lower level hosts one of the towns most popular bars and on the upper level has 2 apartments that need major renovation.