So while we can speculate on the margins Zillow might make, we won't actually know until they release more information of how they are going to fund these projects, the path they will take for hiring work, and their overall flipping goal and holding periods. 

I have a track record of successful investments with both my commercial lender, and private lenders who are asking me for projects to place funds into.3.)

However, I am a member of several different companies organized as Limited Liability Companies (LLCs) where members invest in a project (Single Purpose Entity) or projects (like a real estate LTH company) jointly, similar to (but different than) what you may see in a syndication or investment club investment.

your welcome sounds like you have a good handle and some exciting projects to look at wish you the bestwe find that performing notes are quite appropriate for sidra as well.Glad to help..

Thank you SamI got a project that I’m willing to put in contact in Redwood City... it’s a distressed home... contractor I took gave an estimate matching these numbers you mentioned...are you a cash buyer here in the Bay Area?

In my area, most general contractors will come bid a potential job for a nominal fee ($75-100, applied to the project if you buy and use them) and take as long as they need to come up with a detailed bid.

Non-recourse is for large commercial projects and something the gurus talk about to get you to buy their crap.  

Given that you are brandy new, I don't suggest this as a first project, because it's almost a guarantee that you will do one (or more) of the following:1. 

Six months into project, when your loan is due, he is still in the middle of rehab, which by now is way over budget, and he has no way to refinance to pay you back.

Really appreciate all the feedback and support, an update on the property, i've gotten current Cap Rate, unit by unit rent breakdown, and even better found out the property is not rent controlled. currently working on formulating the project to present to private investors but i dont have private investors!!!