The problem is I cant even come up with ballpark numbers because there are so many variables, but I will give it a shot.Sell as is: $700kCondo conversion: 2 units for total of 1.1M to 1.3MExpenses: 200k-300k for attorney fees and all repairsOpportunity cost(carrying mortgage and delaying debt paydown/investing): 150kCondo conversion profit: $650K To $950kWhat am I missing?

(It’s more likely the market continues on it’s recent pattern than to expect it to dip like it did in the past because those variables are gone/irrelevant now)If you want to pick apart a statistic, I’ll make it easy for you.

@Jordan Fair- thanks - this depends on several variables ...is it primary residence ? 

Are you looking for lowest payment possible and maybe an interest only or variable rate (but that has higher risk).Once you define what it is you need, then you should start speaking with lenders and ask them what types of products they have for what it is you need.If it is a traditional lender and they are licensed through the nmls (google nmls consumer access to find them), then that means they have been vetted.Note that most lenders DO NOT keep their loans and they get sold, so age of company is usually not important, experience of originator would be more priority for me

Looking for someone to show me the process in this industry, find a project, secure the project, secure the funds, time lines for project completion variables, time line to unload project, basically how it works or, how you work it. 

There are far too many variables involved in the real estate business that the engineer brain can't handle.

These variable expenses are so hard to correctly budget for as they will vary from month to month and year to year. 

 16 terms you need to know in commercial real estate:1.Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.2.Cash-on-Cash Return: The annual income generated by a property expressed as a percentage of the initial cash investment.3.Discount Rate: The rate used to discount future cash flows to their present value in financial models; often represents the required rate of return.4.Capital Expenditures (CapEx): The funds set aside for property improvements, renovations, or major repairs.5.Gross Operating Income (GOI): The total income generated by a property before subtracting operating expenses.6.Operating Expenses: The costs associated with managing and maintaining a property, including utilities, taxes, insurance, and maintenance.7.Debt Service Coverage Ratio (DSCR): A measure of a property’s ability to cover its debt payments, typically calculated as NOI divided by debt service.8.Loan-to-Value (LTV) Ratio: The ratio of the loan amount to the property’s appraised value, used to assess risk in financing.9.Equity Multiple: A measure of the total return on an investment, calculated as the ratio of total cash flows to initial equity investment.10.Residual Land Value: The estimated value of land after deducting development costs and desired profit margins.11.Sensitivity Analysis: A technique used to assess how changes in key variables (e.g., rent, expenses, interest rates) affect financial model outcomes.12.Operating Pro Forma: A projection of a property’s income and expenses over a specified period, typically used for budgeting and financial analysis.13.Cash Flow Waterfall: A structured distribution of cash flows to different stakeholders in a real estate project, often involving equity investors, lenders, and developers.14.Leverage: The use of borrowed funds (e.g., a mortgage) to finance a real estate investment, potentially amplifying returns but also increasing risk.15.Equity Investment: The amount of money invested by equity partners or investors in a real estate project. 16.

If the terms  are conditioned upon anything else, make sure you know what those variables are too. 

., but we'd definitely be learning as we go along, which means there will be a lot of financial variables that we won't know about at the outset.