New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

Thanks @Henry Lazerow, that is basically what we do in the city. 

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.

Are you in the market for contracting work, or are you doing your own projects?

I am also a project manager and a architectural designer for a real estate developer in NYC. 

At a basic level there is no one set way to structure a partnership.

Current Construction Co. and Resolute RDM have acquired this development project in Lebanon, MO.

But you have to many basic questions unaddressed. 

We've closed had a few luxury/jumbo STR's that way, where the revenue is surpassing projections. 

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.