The arrangement is likely a crime.

ground up construction is always much cleaner . in a fix and flip there are many unknows that may pop up after the demo stage is complete 

Now, I’m in the beginning stages of developing 60 acres and mixing up my portfolio.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

In the first stage of this process, you must underwrite it to ascertain its highest and best use and financial performance.Conducting this analysis sets the stage for securing a purchase contract with terms and conditions aligned with the timing and budget of the planned project.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Do not agree on a payment arrangement, this is a point of non-negotiation. 

I am new to real estate investing, I have not talked to a lender for pre-approval because I am in the beginning stages of learning.What is the best business structure to use for a rental property business, Sole Proprietor, LLC , or corporation?

The point is: at this stage, you don't know what you don't know, and just figuring out the cause alone can take weeks, months or even years of your time (and a lot of money).Assuming you figure out the cause(s) of the problem, then you'll have to figure out the solution.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.