I cannot finance a project like this by myself but am curious if anyone could lend a hand with connections or insight on what would be fair terms.I owe $350k on my home and am in the process of applying for my HELOC that I am thinking I can get about $200k out (if it is needed).

Just using his numbers and projecting forward.

Remember there are so many ways to find leverage and use funding both private and debt to help you get into properties and do the types of projects that you want to be in. 

Great article on the future and current projects happening in Henderson. https://www.reviewjournal.com/local/henderson/hend...

Unfortunately, I don't have financing and don't have experience getting it for a project like this.

Doing this from a distance, I'm planning to use a property management company to help manage the rehab project. 

That's a pretty good ballpark project cost.

I would intern at what ever real estate companies your interested in.My daughter was interested in finance.. and she interned during collage with a high level appraisal company that did apprasing for emanate domain cases.. and she worked on the one in Napa CA were the state and city bought out a big swatch of the napa river for flood control project and many business had to be relocated from hotel to shopping center to car dealer all of them needed to be valued.. it was high level work she enjoyed it.she then went on to graduate top of her class at Davis CA.. in managerial economics degree and promptly got snapped up my Intel after offers from Apple and Micro soft.now 14 years later she is a SEnior controller and a Dave Ramsey disciple which means at her age home just about paid for 2 kids in grade school and NO debt and a ton of savings and max's out her 401k.. she has little interest in real estate she owns one rental but only rents it to family. that was her path.  

I have a Multifamily project that might work for you.

I am a slow burner on this project.