We are planning to sit down later this week but I’m thinking his figure will be 2 million or more based on previous conversation.

I establish this in my initial contact with the host, and often end up in a telephone conversation before booking.

Some providers will engage in this type of conversation; others will not. 

At the same time, I'm not familiar with items like financing debt out of a multi million dollar property and I'd rather not taking on another $3M-$4M multi-family property as my next foray into real estate.

I buy from both stores and generally get sale and clearance items, then use my military discount.  

Obviously there would generally be less profit for you, but a fraction of the risk.According to my last couple conversations with lenders, I would anticipate needing 40-50% of the project cost in cash. ps.

yes, I totally remember our conversation from last year.

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I have had a conversation with him in the past.

Opportunity I'm looking at is a building that has been approved for multifamily conversion.