Here's a great collection of tips for people looking to produce a micro budget film. http://www.indiewire.com/article/15-tips-on-making-your-first-micro-budg... If you're interested in learning more about producing a micro-budget, this webinar is a fantastic resource: https://www.stage32.com/webinars/How-to-Write-Produce-Shoot-and-Distribu...
Producing : 15 Tips on making your first micro-budget film by Amanda Toney
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Tip 3 is great. There's so much added to a set made up of friends. They're flexible and their hearts will be in the project, making them as invested and committed as you are.
On our radio show about a month ago we had the pleasure of interviewing the cast of "Star Trek:Axanar" and out first experience dealing with the time differential between NY&LA. The interview didn't start until 11:30 eastern. But they're a project that has been financing itself through Kickstarter. They also have the luxury of talent such as "Richard Hatch" from BG