Streamlining and setting up what you described is a 3-6 month project.

They will usually look more at the project more than you. 

A lot of your capital is tied up in other projects but you can get a hard money loan on it for 85k.

I source materials to get the best deal possible, and I manage my contractor team pretty carefully to keep cost down as much as I can, even though on my current projects I am not doing any work myself. 

Sorry for the arrogant title...but made you look :)I am an IT consultant leading Big Data, and Data Science projects and I am looking to use my experience/skills to give me an edge in Real Estate investing.

Project update... 

My question is, since we’re new in this business, would it be more lucrative for us to flip a house rather than take this project?

Today my question in aimed at those who are from outside of the greater Los Angeles area- wether a few hours away or thousands of miles away- Do you want or do you flip properties in the greater Los Angeles market and wish you had someone to manage your project because you can't be there because of distance of perhaps because of time constraints?

Besides, the project is HQ2 not a mega-fulfillment center. 

I'm in my mid-twenties working in NYC and work as a Project Manager for a GC and would like to move from Brooklyn to Jersey to kick off my journey, while in close proximity to work in Midtown.