The GC believes his costs will average around 30-33% of market value as his reasoning for pricing is 33% Material, 33% Labor, 33% Taxes.What is a reasonable % of equity you would offer a GC?

They list all their contact info clearly, and project a pretty legitimate image.I'm a property manager and got a spam/promotional-type email from them, saying that they do tenant screening for FREE. 

How high you can go up on such a small size parcel can make a big difference in returns.If the buildings are old the procedure to tear them down could get expensive.Also tenants on current leases the disruption to their businesses would likely need to do in stages more (start and stopping) with development and meanwhile labor and material costs can go up.

When I have previously checked into this with my accountant it seems their are very specific tests to pass to be considered a materially participating passive investor, namely that you must spend half of your time and at least 750 documented hours in passive real estate to qualify to deduct depreciation. 

The test is pretty tough if too much material is thrown at you!! 

. $2,000 in materials but we did all the work ourselves. 

I know price points when it comes to materials and vetting contractors and professional services3.

@Canesha Edwards I admire the attempt at promoting new products but if I ever brought an IPad into a tub with me I would be ordering a new one in the next couple hours.

Notwithstanding the foregoing, no material amendment to these Bylaws shall be made without the approval of at least 51 % of the Eligible Mortgagees and (ii) the consent (by vote or written consent) of Members representing 67% or more of the voting power of the Members of the Association.

I figured this is the best place to start and while I wait for responses continue to research my area.Things I haven't done yet-learned the buying process-read and understand the contracts-find a good contractor-find a hard money lender-figured out what I don't knowThanks for taking the time to read my post, if you have any suggestions on reading material that would be awesome :).