And along with that, any insight into GP/LP on a project like this would be helpful.

If they were insured with Cal Safe they are both dramatically underinsured and a single neighborhood would deplete the programs' reserves. 

There's also huge development projects, many spearheaded by Dan Gilbert's Bedrock investment company. 

At that point my project manager (and partner) started pushing him. 

Welcome to BP and good luck with your project!

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

Financial Projections: Compare the projected monthly cash flow from renting (especially with an ADU) to the net profit from selling after costs.

If you’re serious about buying properties and doing real estate, then I would suggest working with the CPA that understands real estate even if the services cost more than your average H&R Block or some TurboTax program you can buy.

There are loan programs specifically for Virginians.https://www.virginiahousing.com/enGood luck and Happy 2025