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If you don't mind a conversation, I'd love to know how it different from the US and how it is the same. 

Thus why this FHA conversation is beyond stupid and worthless to the OP.

@Alex Bok sure, let's have a quick phone conversation and then we can take things from there.

I've had conversations that go like this...Listing agent: "OMG I can't believe it appraised for $900k when the contract says $950k, this place should be at least $975k no question."

After a long conversation I sense the seller may have some mounting financial pressures that make him desperate to leverage his property as a solution, whether that is this development idea or even just selling his property.

Programming already created by architect partner. 3) Development of a full city block (almost 3 acres) into student housing or high-end office for adjacent user.Parameters / Tabs to include: 1) Summary or Snapshot page (format included in link below)Major Metro Snapshots2) Inputs page for assumptions 3) Cash Flows that flow into summary page with development or conversion (downtime / carry costs) i.e.

However, based on the conversation he didn't actually say anything that made me confident that he knows what he's doing.

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Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.