After analyzing hundreds or even thousands of deals, you develop an intuitive understanding of not just the numbers but their sensitivity.

Summary: 7 loans outstanding: 4 in foreclosure, 1 in default - trying to develop a plan before I begin foreclosing, 1 current, but has needed multiple payoff extensions, 1 current with no issues.

I would confirm this first.Otherwise, I just use Excel and develop my own pro forma from there.

In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.).

And the changes, such as regulation, city development, traffic flow, building views etc happen very quickly. 

Experienced developers, could you tell me how the process/financing works?

The buyers had invested a lot into the deal (~$100M) and purchasing the property was critical to complete their development.

At this stage of your life, communication skills are most important so be sure to develop those.

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.