Often, these numbers sound incredibly high relative to the loan amount.

I do those things using a few excel spreadsheets … what you are working on sounds super handy!

Sounds like you are so it can work. 

@Sheena Varghese, sounds like you have your answer.  

The search function leaves much to be desired, but you'll do best searching "FlipSystems" as one word:https://www.biggerpockets.com/forums/79/topics/1182640-lesso...https://www.biggerpockets.com/forums/67/topics/1204806-seeki...https://www.biggerpockets.com/forums/48/topics/1098187-flips...https://www.biggerpockets.com/forums/79/topics/1188268-flips...https://www.biggerpockets.com/forums/92/topics/1181695-is-fl...I admittedly have not read every reply, but it seems like a sea of red with "Amy B." being the only positive sounding reply on this thread: https://www.biggerpockets.com/forums/67/topics/1174732-calli...Is that the person you spoke to as a reference that's his girlfriend?

It sounds like you can not for any purpose since the conversion is not permitted.

This form of lending is stupid to engage in, if they have 5-7 deals and don't have $25k-$35k in capital to do it then they clearly aren't succeeding with Pracer's "teachings". $25k-$35k is a joke to enter real estate with.There's very little reason to engage in transactional "gator" lending.

And I hope to be ready to buy within 9 months (we are moving from LA)  Hey Eric, Sounds like you have a solid goal and are putting the pieces into place.

This process is extensive, requiring community engagement and approval from the City Planning Commission and City Council.Given the predominance of multifamily residential properties in your area, there may be a precedent for such developments.

Hi all, Am excited to engage with the BP community after being in the industry for 9 years!