I am hoping the market stays with the low inventory during the time I hold this, as that will help drive my exit value up.This will be a major undertaking and I am considering having this project filmed for future use.

I also have a retired developer that has developed and built big (70 units+) apartment complexes that has said he would mentor me if I undertake this.

Does this knowledge blind spot suggest a lack of respect for what they are attempting to undertake?

I suspect you'll gain a lot of valuable experience from that.A ground-up build or demo and build is a pretty big undertaking for a novice.You might see if you can find an experienced investor to split the deal with.  

The implementation creates the real world and shows how much of a beast such an undertaking would be.I just do not see it as realistic.

I've run a couple small scale side businesses, and I flipped my house last year, and I know all the numbers of every project I undertake in excruciating detail.

. § 32-1164).There is a "handyman" exemption: Any person other than a licensed contractor engaging in any work or operation on one undertaking or project by one or more contracts, for which the aggregate contract price, including labor, materials and all other items… is less than one thousand dollars. 

If I can get away with jetting it every time there is a sewage back up, then that is what I will do.It seems like the Health Department is trying to force me to undertake the work to replace the line but I don't see how they can do that if someone doesn't have the funds available.On another note, I had to pay for extensive clean up of both my property and surrounding properties where there was sewage overrun.

To write in LLC's as a separate type of structure with their own unique rules would be an undertaking of gargantuan proportions.  

Is it simply a matter of where one feels most comfortable and has most knowledge of or is there some sort of objective analysis one can undertake like "oh in cities with high occupancy you have a better shot at..."?