The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

Note: Short and succinct updates are provided on the https://fincen.gov/boi website but I like to get more context.

Red flags all the way around. 

Not only do you have to do all the things needed for the inside, but you also have the outside to worry about as well. 

Hi Jon, welcome to the community!

Having the right partners on the design and build is what I have found to be the most important piece of the puzzle.  

Some states allow the owner to hire employees to work on their behalf.

Asking in the correct forum will get a better response.Read the RULES!

Leverage will be based on whether the land is entitled and borrower track record but 50-60% is the norm, not 80%.

The good news?