So, what you propose doesn't work in a world we live in.  

Then send a follow up email outlining what you are proposing.

This is one of the classic fix and flip partnerships, but you shouldn't think of it as a partnership in the way your proposed it because you lose money on that deal.

I've looked at like 500 plots of land and made about 40 LOIs, most of what we targeted was land owner contributed to the development and underpriced land identification that we can get at least a 5x value bump on entitlement. the numbers are much higher in columbus where the downtown district in 43215 isn't bought out like Brickell or Edgewater. we can justify any land cost by just going more vertical. columbus is untapped with less than 1000 units proposed per year it's unbelievably open with 50,000 units behind and very high absorption. 

I’ve have two proposals from two companies that do this type of build.

Just make a proposal to the other owner er that’s good for you and fair to them, and see if they’re interested in your proposal.  

@Brian Carmichael Your proposal violates IRS self-dealing and prohibited transaction rules.

@Luke Rusten have personally used a higher price to get sellers to accept my seller financing proposals many times in the past!

We've been doing it this way in the construction industry for decades.Best way for you to know what's it gonna cost for your projects is get estimates/proposals from licensed contractors.

Also be mindful of existing or proposed restrictions - I don't recall anything extreme proposed in Ludlow or Dover, but Wilmington is being very aggressive in all but eliminating STRs.