Is this a good deal for me? PLEASE HELP

[Elena Facchinei]

Hi, I am BRAND NEW to real estate investment.  I've been an agent for almost a year and closed 3 residential deals. My client is interested in investing in a new-construction build of a 23-unit apt. complex in a great neighborhood in San Diego.  I'm attaching the information. Here is what I know-

$250k Strong (my client) = 1/3 = 7.33 Units Each$250k Elena/Investor = 1/3 = 7.33 Units Each$250k Mike/Builder = 1/3 = 7.33 Units Each
$250k Investment = Profit $2 to 3.3 million.
Purchase $2.2
Build Cost $4.1
Total Cost $6.3
ARV = $12 to 22 million
Profit = $5.7 to $16 million

Construction to take 18 months

I am meeting with a lender and the developer, Mike today. Mike wants my name, my client Strong's name, and his dvp. company on the purchase agreement.  I don't have any liquid cash, so we are to discuss creative financing.  

What questions should I ask?
Should I consider this?
What should I look out for?

Thank you!https://drive.google.com/drive/u/0/folders/1q4nmVmKhA2nkpnB7...