You definitely want to go with a direct lender that is licensed and specializes in the types of projects you're looking to get into .

 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.

I'm also very conservative in my estimates on revenue projections which are near impossible to be accurate on.

Intel project was just put on hold 

The house is newly renovated and looks great.

This may highlight the lifespan on a few of the main systems of the house to give you a good idea of what renovations to expect down the road.Happy investing !

I am currently DIY renovating a property to BRRRR.

I buy lots of foreclosure properties in Orlando and many time the City will accept significantly lower lien payoffs to help get the property developed or renovated.  

If i needs up to 10-30K more in rehab than the property is worth then you need to keep on walking past this deal.Maybe if bought it for just the cost of the land... then demo'd the burned out half and just renovated the minor damaged side then you might be able to make it work.

Wanted to share it here as well for inspiration, & to invite anyone looking into similar projects to message me if I can help in any way!