I know $1000 interest on a short term $5-10k loan sounds unscrupulous but in the grand scheme of things, is it worth $1000 for you to be able to get the project done?

If the projections are correct, the cash flow isn't where I'd like it to be but not the end of the world since I've purchased this property for my retirement portfolio. 

If you end up driving around and see other projects under construction, contact the builder and see if they can help you assess the pre-teardown value as they've probably done others nearby.

But one answer is: "IRR"].This from Investopedia: "You can think of Internal Rate of Return as the rate of growth a project is expected to generate"... 

In this case, if we wanted to do separate projects, assuming the assignment of the equity and total value would be  ;Me: (0.64 x $7.5M) = $4.80 assigned value and (.64 x $2.5M) = $1.60 assigned debtPartner: (0.36 x $7.5M) = $2.7M assigned value and (0.34 x $2.5) = $0.85M ***. debtIn this case, or in any way to meet the separation or new projects objective, can wedo the following?

The good thing about Owner Financing is much more negotiable than a conventional loan and is typically approved by the project and not your personal credit. 

I am doing line item projected expenses and am unsure how to account for these costs.- Other than google searching comparable rentals, is there any way you all accurately project rents as well as vacancies for your areas?

Great lookig project, and a bonus they came right to you! 

Since it's summer all the contractors I've gotten recommendations for won't accept any more projects so I'm kind of at a loss, and missed out on a deal on a trust sale property because I couldn't even get a contractor to walk through with me!  

You did a  great job on both the renovations and your projected profit.