Future residents could essentially buy out their units and fund your build. 

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

Essentially I would become the landlord and they will be tenents.

Gaining an understanding of the Zoning is vital to what can be built and essentially dictate how profitable the land can be.

My rationale: - Office is essentially not trading right now on the market.

Look into property values, vacancy rates, and the overall rental market in the area.Real estate can be a powerful way to build wealth, but it’s essential to start with the right tools and knowledge.

What steps, resources, or preparations would be essential to make this a successful venture?

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

However, with any course or program, it’s essential to approach with a bit of caution. 

Essentially, terms were prime +1 interest only for 12 months with only 1 discount point.