I studied civil/construction engineering in college and I work for a global Arch/Eng. and I've learned to become borderline obsessive when pricing and putting estimates together. 3+ days and I'm still carefully gathering cost information.  

While the threat of litigation is something to consider, a good number of people on this thread assume it is great risk....it just isn't.  

I have no idea what happened when it went to litigation, but that person has yet to call me back and say "ok we settled it, I'm ready to refinance now."

My opinion: do the least amount of physical work possible (leave that to others with that expertise), hire good land planner/architect/civil engineer team and you do the design/land planning (find out what lot size is best from builder/brokers), get the subdivision map approved (that's the document approved by local city/municipality that approves the single lot be divided into many smaller lots), sell the land+map to builder.

They threatened litigation and I said go ahead and they dropped it since it wasn;t in the CCR.

But the litigation cost can quickly add up.

Under a full guardianship that means we are untimately responsible for everything, income, expenses, housing and medical decisions, taxes, debts, mortgages, wills and estate planning, suing or being sued, investments, real property, unique asset liquidations like oil/gas leases, coins, fine art, notes, cars, foreign real estate, boats, wine, financial exploitation investigations including forensic accounting, criminal and civil trial testimony and recovery of funds when we are lucky, budgeting for liquidation of assets in order to fund medical and care expenses, (I could go on for hours); basically everything you can think of in your life... imagine someone else having to do that for you because you're incapacitated.In my work I'd estimate I've been involved in the sale of 300-400 properties, maybe 100 probate cases and many hundreds of guardianship and DPOA cases.  

I am just playing devils advocate in this subject .. as I have been through these deals in the 80s I worked for a big syndicator in the bay area.you can have all the indemnifications you want but the investors will revolt and sue you if the deal goes sideways.. you would be very naïve to think the language in the doc YOU prepare is going to save you from litigation.. does not mean the other party is right but you still will get sucked into the vortex and spends thousand if not hundreds of thousands.Case in point... friend of mine when I lived at Silverado in Napa county was and is a syndicator he bought a big high rise commercial building in Houston 10 years ago... well you know what happen with oil. its now a see through .. and they lost it to the bank.. investors revolted and sued him that started 2 years ago.. and its all over the local paper.. so it kills his rep and no doubt he has the same safeguards you mention.. but that simply won't stop litigation.Where I have seen rob peter to pay paul is with syndicator that had multiple partnerships.. borrow from a good partnership reserve account ( PPM said you could) loan to prop up another.. the other still can't make it and is put into BK and liquidated and the other properties are now in jepordy.. this company ( did acquisitions for them as  a broker  great gig made a ton of commish)  had 5,000 investors...

I'm a partner in a sort of unique company that is a full service appraisal firm (all property types) but also provides civil engineering (mainly subdivision design and development), land surveying and title analysis services.

I am a freshman Civil Engineering major, but after taking Intro to Civil Engineering, I decided being a Civil Engineer is not for me, so I am applying to change to a business major.