To get some insight into the development process, take a look at this thread I am writing, walking through an actual multi-family development project in SoCal: Life Cycle of a CA MF Development ProjectI am an offer of help, feel free to post questions here or you can send DM. 

I am an industrial mortgage broker and I would be happy to walk you through available programs and pricing.You said this is a single, sticky tenant? 

Podcasters that does house walk throughs will sometimes say, "if this Floorplan isn't available in your city/state"  blah blah blah.

Kids are adventuring and walking too and from school unattended, people park where they need to, people use common sense to make decisions more than relying solely on the rules, etc. 

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

Miciah,Phoenix market has changed drastically since 2020 and has made the cash flow market very tight if you're not walking around heavy in liquid.

If this is still an issue, send me a DM and I can walk you through how to do this correctly!  

They can just walk away from the deal and disappear. 

I would do a quick look on Zillow (MLS in my case) and find past sales to get a rough graphical idea of where those properties are, and then I would actually walk the streets.

If they didn't change the goals etc. through out the whole thing I would have been able to walk away with 75k in profit.