Ideally, he would put up the money for the purchase and rehab costs, I’d run the project and then pay him back plus profit after selling it.

And, unlike most condos, you get to garden, collect eggs from the chickens, make messy projects in the shop downstairs.

If you don't have a clear scope of work you will never finish a project.2. you cant cut corners with contractors (not all contractors are the same)3. the more education you have the better off you will be. 4. i don't want to do the work myself and creating a process is the best way to manage risk, and optimize productivity.5. * don't trust anyone with your due diligence.I have 2 properties that i purchase over 1 year ago and i'm finally putting 1 up for sale by the end month.

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.