I'm new to Real Estate and I have an analytics background.

Technically my commercial loan lender normally only writes 15yr commercial loans but he agreed to a 20yr note.  

He technically didn't even pay a 'down payment'--his out of pocket cost was 15% of the total investment, which included not only the purchase price of the property, but also holding costs, closing costs, improvements/renovation costs, etc.Also keep in mind the way he structured this deal and the type you are asking about are TOTALLY different, so you can't really compare what you are asking about to the figures he listed because it doesn't work the same way.

Then your best bet is to put together a solid business plan (including information on your background and what you bring to the table) OR find a great deal and get it under contract.  

First, here's some background on why I'm strongly considering selling my condo...I bought the condo back in 2004 and lived in it for 10 years before moving out of it.

Coming from a background in finance, I know that I will, one way or another, be able to find either a single partner, or group of investors who aren't afraid to pull the trigger, and who are interested in actually developing land, not destroying it, and creating beautiful properties to be sold along with beautiful margins.I'm also curious to know if any of you have tackled projects similar to this (I know I haven't given out the secret ingredient), just speaking of land acquisition / development / selling properties, repeat.Thoughts?

But short term I'll end up getting room mates in this location since it's near a technical college.

A little background about me, I have been saving money for a house for a few years now and have around 26k sitting in the bank diligently growing every month.

You could Wholesale it to Sean and make some dough and learn somethings a long the wayMario Policicchio I read your profile and see that you have an intensive background in multifamily and commercial investments.

ERentPayment doesn't have a business address listed on their website, and they offer National criminal background check, which is a lie because Mississippi you need to go into the courthouse to search, and only law enforcement has a National criminal background check through the NCIC.