That could turn into a bigger project then you might expect so make sure the numbers work even with a variance for unexpected costs.

The real value if a good GC is their knowledge of the flow of a project and all the potential snags.

The projects were chosen from a list of needs by county and local officials.

. - The area is not bad at all in terms of crime, etc, but is surrounded by low income projects and other types of modest housing, so don’t know if a reno/flip would provide the income that would make the project worth the time. - For buy/hold - this area has many section eight and the new owner would probably have to be open to that to limit vacancies. - it’s wood Construction and the current owners seem to have had issues with termites, as they’ve fumigated, which includes tenting and removing tenants - expensive procedure that could significantly impact cash flow.The agent I worked with to get this info is excellent and has worked with investors before - pm me if you want her contact.Good luck!

I say that because GC's tend to have project manager or are their own project manager.

We help the foreigner (individual or company) to buy the property, then we renovate (I have two interior designers/project managers in house), then we rent to other foreigners fixed to hard currency (mostly USD but sometimes EUR), then we manage the property.

If you purchased / renovated/ expanded the properties you're speaking about in the last 10 years, you might want to consider a cost segregation project. 

I have a tri-plex rehab project I need to get done but I am having a heck of a time finding a professional, reliable contractor.

The reason most people shy away from it is that it takes a great deal of knowledge and expertise they lack to develop, not to mention access to a great deal of long-term capital.Unless you were doing the actual blue collar work, you could not make such a project work as it is too small to afford to hire such work done.

For the split just add up the total project cost, compensate for the labor and then take a 50/50 share.