Going this route is more involved and that makes it more costly too.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Furthermore, this is a minor issue that shouldn't require your involvement at all. 

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

If I have a JV with other investors and we need to pursue legal actions, I always involve the other investors when interviewing attorneys.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

In the case of GEG, we let our members know we did not have a track record with them - they were new to us and just being tested - and therefore it was even more important to perform thorough due diligence since we can't be involved in the transaction. 

I've never done one personally but my understanding is it involves the home being put into a trust, with the sub2 purchaser buying the trust from you.

Since your parents seem open to your involvement, I would start start small.