@Rick Albert has answered the main points that you have to consider. 

Now having a trust to avoid probate, care for young children or folks not ready to inherit large sums of money yet are very good reasons to have trusts.

What are the main differences in hard money lenders vs. private money lenders?""

I thought about maybe converting the living room with a fireplace on the main floor to a 3rd bedroom, but I'm not sure if the HOA would allow such a big change to the layout.

I understand the two main downsides of condos being monthly fees out of your control and little appreciation. 

Main project was to take out the old boiler system and upgrade that for the radiant floor heat.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

My main focus is finding leads or deals.

I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing.

So I would assume the San Antonio project is sold out if the terms have been adjusted to be more reasonable.