Real estate investing 101.Hard money lenders usually lend 65-75% of the project cost, charge 12-14% and 2 points for origination. 12% fees is a huge red flag, the only you'll get from "Midwest Corporate Credit" is an ulcer from the stress of losing $7,200.Raising $60,000 isn't too difficult, if you talk with friends and family and maybe a real estate attorney or two you should be able to raise it.

I am having trouble figuring out how to accurately do the analysis.

Been thinking about possibly making this home our first fix/flip project.

Achieving economies of scale may best be attained through volume, but learning how to do it on a small scale will pay generous dividends later; pitching the concept to investors will be much easier when you can show concrete results, and extrapolate from those results instead of being forced to rely solely on projections from a concept.

I have been having trouble locating favorable refinance rates on my projects.

8 units plus a commercial/retail space.  Assumptions are below.  I'm curious to see what BP members would pay?3 x 2 BR Apartments @ $700-$750/mo.1 x 1 BR Apartments @ $550/mo.4 x Studio Apartments @ $400-450/mo.Commer...

Although I can't really offer any advice on the  analysis side of things, I may be able to help if you are in need of any plumbing, hvac, or electric work with any current or future properties you invest in. 

You may want to find out if this is DIY projects (and how much experience they have) or professionally done.  

I are on our 50th project.  

If it fails, then you both owe the debt of that project and any associated fees.