I did about 35 buy/fix/sell/rent houses in Ohio over the years and got bogged down in repairs, repair people problems and budget problems.How much fix up do you think is worthy and doable before a project gets to be a real pain?

However, the cost seems disproportionate to the overall project cost. 

I'm here in the SF Bay Area and I've done around 60 projects these past 4 years, flips and holds. 

When doing a new development, on average, how long does it take for the permits on a new development project for a single family home to get approved? 

Are permits for developing condo buildings and big projects different from developing single family homes and/or townhouses?

To mitigate the obstacles of investing out of state I would recommend getting a good project manager.

In general, SFR will never cash flow as well as duplex to quad.What I did not see is your cash flow projections (ROE), COC projection.I suspect that this property is not the best candidate for BRRRR (Refinance versus selling) but best to sell it. 

Construction, for example, will add risk to a project because it limits the capacity for collecting rents during this time.

I have a guy that I have do all my projects.

in Jacksonville Fl for example, contractors run 14 days behind to look at your project, if you get a response at all...and don't just go for free, and agents are busy..Care to share your secret or strategy?