Hi, what is your in-put with Lincoln Yard development and the city project around the Chicago River also, which area in the city you think is the best to flip? 

Ah, loving this thread with all the speculation regarding the AU NZ and Canadian property market :)Having been a property investor and developer here in Australia for over 15 years, I can attest that the market is extremely expensive, mainly in the east coast capitals (Melbourne, Sydney particularly) and the rental returns on residential are quite low, I can also assure you there is no "imminent" collapse  just around the corner. 

However, a developer mentioned it would be a wise idea to do a condo conversion even if I’m planning to keep the property.

Ideally, speak to a CPA licensed in your state. 

He had a few other properties in Cancun, a lot in a development community right on the beach, and a pair of massive farms where he had big plans.

Our first property is a flip until we are able to get a multi family in our ideal location.

Not ideal but not the end of the world.

My company Torque Development is contracting for investors in Nashville on rehabs and new builds

Especially since I feel like your looking to develop a relationship with your lender I think you guys would work great together.

A high quality broker/agent has a clear structure for their business and who THEIR ideal client is.