We’ve since made a lot of progress on terms: 5% seller carry2 years interest-onlyballoon at end of year 5pricing is now $700k building and $500k FF&E (separated cleanly)  Your comment about comps on kitchen buildouts + hood systems is a good call.

One question I ask every investor we work with is this:“How do you typically evaluate potential financing partners?”

Quote from @Giovanni Choisne: I’m still early in my real estate journey and spending a lot of time learning how deals actually get evaluated by people who are actively buying.

I’m curious how others evaluate risk, timelines, and communication when working with capital partners.

I have also progressively given her more apartments to lease over the past 2 years. 

I’m looking for perspective from experienced developers and operators as I evaluate which U.S. markets make the most sense for small-to-mid scale multifamily development—roughly 15 to 40 units—over the next phase of my investing.I’m intentionally not locked into a single market yet.

I’m researching alternative industrial uses where access to substations, fiber routes, and zoning flexibility are key constraints.Curious what others have seen in terms of:- Counties most open to non-traditional industrial uses- Typical setbacks or zoning hurdles- Utility engagement at early land-evaluation stageNot looking to pitch anything, just trying to understand how others approach feasibility.

Does anyone have a good website or spreadsheet where they can just plug in all of the numbers on a potential investment property to see if it works out?

To your point, focusing on "in progress" projects will help as opposed to "potential" projects still in the pipeline.

That's a BIG part of evaluating Subject-To opportunities!