Questions I have:- do I structure the deal where investors are paid out on an annual basis or keep them in as equity partners until we refi once the project is complete (3 to 5 years down the road)?  

Vacancy rates:The overall office vacancy rate in Tampa is 9.4%, which is below the national average of about 13%.For residential properties, the homeowner vacancy rate is 1.0% and the rental vacancy rate is 4.2% in the 33619 zip code.Days on market:Specific data on days on market wasn't provided for Tampa overall, but the median days on market for homes is 89 days according to one source.Promising areas:The Westshore and Downtown Tampa submarkets have seen increased occupancy, with an uptick of 175,000 square feet over the past year.The Westshore submarket has seen its vacancy rate drop by 100 basis points year over year to 12.5%, hitting a four-year low.Rental property insights:Tampa has a high percentage of renters, with 53% of the population renting rather than owning homes.The median rent price in Tampa is $2,941.Market trends:Tampa's real estate market has seen strong appreciation, with a total appreciation of 129.39% since Q1 2000, at an average annual rate of 4.41%.The city is experiencing population growth and an influx of young, educated professionals due to increasing employment opportunities.Regarding your interest in a brand new construction SFR with live and work usage, this could be a promising investment given Tampa's growing population and the trend of people seeking to live close to their workplaces.

Well.... we should be doing annual inspections anyways.

We help roughly a dozen investors acquire STR’s out west annually, my advice to STR investors is to create a home and a space that is yours to share with others.

Basically 7% of the purchase price in annual rent is what I look for.

I think @Bruce Woodruff and @Matthew Paul have already done a good job explaining why this isn't a good idea and why most, if not all, GCs will not be interested in participating.In an attempt to answer your original question, according to GlassDoor the average annual pay for a construction PM (sounds like that's more or less what you're looking for?)

Try to find a property as close to a 10% annual return as possible.OverviewThose are 6 key points I believe are most important before purchasing an investment property.

Absolutely,I have a lot of clients working in Detroit and it has some great opportunities centered around 1-4 unit, affordable fixers that, with a little bit of work can become great cash flowing investments with lower annual tax and insurance costs.The downside is that you definitely have to know what you are doing as the good properties need some hefty work, and the market is pretty competitive.

I also still don't get it how these so-called GPs are genius enough to constantly pay investor 16% annualized LOL i was like seriously dude ?

It is also the only one that gets taxed annually which impacts its return.