What is your process when asked to be an investor?

[Anthony Watkins]

I have the opportunity to invest in a new townhome development. The offer was presented to me by a friend who is actively engaging in real estate investments. I’ve never done anything like this and I don’t know what questions to ask Or what I should be looking for. At this very moment there is no structure built, just land. If this were you and someone asked for $10,000 to invest in a new townhome development what questions would you initially ask? What homework would you do before considering the offer? 

Keep in mind the the only information I have is that the offer is there if I want to get involved.