Very important to know because this often is not anticipated by developers and eats up developable acreage for the need of a detention pond.I dont have the experience to comment on your question about potential returns, lending, pro-forma, building expectations, etc. 

I am  visiting this weekend and looking forward to connect with some people and form a real estate team.

What is the best way to analyze a “good” deal and pro-forma out numbers for a property like this?

This is usually the pro forma rent that you’re aiming for in your underwriting.

For example, a large multifamily development is finishing phase 1, but will not be starting phase 2 until interest rates have stabilized.There are fewer lenders willing to lend on larger projects with rising interest rates.His number one piece of advice is to find off-market properties.Either purchase the property outright, or give the owner equity in the final project in exchange for contributing the land.You can get lending for up to 90% of costs, and then the land is your 10% down payment, which means you can start a project with almost zero out of pocket costs.Show the owner a rough pro forma with conservative numbers.

Look for a syndicator that has a track record of hitting their pro forma.  

PATIENCE or TIME-OUT my mentor says,he's worth more than 99% of the "PROS"Take a vacay, build credit,call bankers, form a LLC,create content, get clean,meditate, yoga, relax LOLPANIC SELLING then the"true bottom" he says...Chamath says 18 mos.

I would rather hire a coach or form a mastermind of my own with people trying to achieve similar goals to keep me on track with my goals than pay $15K for a glorified accountability group. 

Initially, when I started investing in RE everyone I approached with an intent to form a partnership with to spread/share risk and learn with was a bit timid.I shared how I like to buy properties under market rent with deferred maintenance because I am able to do relatively light rehabs and raise rents to top market rent value. 

What is a rough estimate to form a partnership between 2 people splitting a single family home 50/50?