I have meetings next week with 2 new lenders for a very large project we will be building and will be using some of these thoughts I have shared. 

Or should we get some experience in renting and flipping before we venture on this big project! 

However he mentioned that he had a property he was looking to sell close by so he could invest into a new project at this old ski resort he just bought. 

Would typically need to have your project at a minimally complete level. 

I'm interested in long-term, buy and hold investing, though I watch HGTV so I think it'd be fun to flip if I find the right project! 

Details of the deal:  6 bed, 2 full, 2 half bath at 3,154 sqft.We are planning on converting into a 2 - 1 bedrooms and 1 -2 bedroom apartments, which will yield a monthly income of 3,454 in rent.Besides dealing with License and inspections for rezoning which is the project for this week, if 3,000 isn't paid to an attorney to handle these affairs, acquiring the funds to complete the rehab will be the next major obstacle.

I have gotten up to 30% ROI on some projects.

This can help you access quick financing but beware that the onerous terms can be tricky to manage if your rehab projects goes behind schedule.

Start just doing simple projects in your "backyard" or a close area that you know well. 

Have used them/ tony on several projects including my house.