You are a real estate developer in downtown Vancouver. There is a property in Vancouver you would like to purchase that will allow you to build a 50 storey condominium building. The cost to purchase the property will be $10 M. To build and develop the condominium will be $80 million. However, once the building is completed and sold off, the total profit from the project will be over $200 million. You only have $50 million to buy and build the property which means you have a shortfall of $40 million. You did not want to get debt or loans from the bank or other parties.

Which option would you recommend that would allow you to maintain full control of the development project? Explain. Also explain the difference between a condo and a rental apartment building in your answer?