Opportunity, On the job training or Not?

[Chris Wallace]

A developer has purchased my next door neighbors house and plans to demo the house and build a small condo development. Yesterday while walking my dog the developer approached me, introduced himself and explained to me what he was doing. I told him about my interest in real estate investing and development. We walked the property, chatted a bit he then offered me a "job". The job for now consist of managing the details of prepare the house for demo: Arranging the clean out, having the utilities disconnected, obtaining parking permits, etc. He also offered to show me the biz from his perspective and would be open to partner on some wholesale deals.  

A little background:

I live in the Columbia Heights neighborhood of DC. It has been a hotbed of renovation, flipping and now small condo development as the area has been gentrifying over that last few years. The condo developments are usually a converted rowhouse with an addition to the rear and sometimes vertically to yield 3-6 units.

  My neighbor was a little old who's family has owned the house and the land around it for 100 yrs!  I'm kicking myself right now for not asking her if she was going to sell. The area consists mainly of rowhouses (most are at partially attached), lowrise apartments and few highrises. 

A contractor friend advised me that this guy may have decided its better to win me to his side now rather than have to fight me later, when problems arise. I don't think that's untrue, but saw a possible opportunity to learn something and make connections, both with the developer, his network and vendors. 

I have zero development experience, but I have mortgage experience primarily residential with a few retail commercial deals.

What say you BP? Would you do it or nah?

Comments and questions are appreciated, Thanks 

Chris