I am closing on land to develop a sub-division

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I have recently invested with a developing to firm to purchase a sub-division. I am fairly new at the the whole investing game but the owner of the development firm took me under their wing and decided to walk me through the process. Now the sub-division deal is rather big for my first or should I say second deal. The land is 34 acres and the closing is still pending. There are a lot of intricacies involved that is sometimes over my head but I sit there with a sharp ear and eye to learn as much as possible. The development firm is scheduled to handle all the construction and contracting as well as payment draw. I was weary at first considering my first investment was a total burn that I am still trying to get out of. I took faith in this "second" deal with the help of the knowledge from the first deal. If any one has insight on developing sub-divisions please share. I have very little information to give right now as I sit as a student learning from the developing firm I have teamed with.