This is not an uncommon business plan, and it is usually carried out by operators who are poorly funded. 

This is not that uncommon with college rentals nor that risky, because college students generally rent and leave on a schedule.

. $25/hr is not uncommon.

I agree with @Will Barnard about having things on paper with your contractors especially if you have never worked with these contractors before, be sure to include something about penalties for finishing late; it is not uncommon in my experience for contractors to take on more jobs then they can handle at one time and then they put your deal on the back burner.In regards to the partnership, I think it really comes down to what the money guy wants.

For smaller deals, it is likely going to be less.If you are unable to meet the financial criteria, it is not uncommon to partner or offer one of your investors shares in the GP/sponsor team for providing this.There's no one right way to do this and you can get creative as long as the lender is okay with it.Best of luck!

It is also not uncommon for a CPA to be unfamiliar with the workings of these structures.

Your situation is not uncommon right now. 

That said, this is so uncommon these days that I have never heard of any investor having this happen to them.

If gunshots are not uncommon, she didn't do her research on the area. 

Land clearing and excavating in this area may not be as big as the build but it's not uncommon to have to level a ridge to have enough area to build on.