They can inform you of the process and the chances of your proposed use getting approved by P&Z and/or City Council.

I second the proposal to get @Brian Burke's book The Hands-Off Investor.

@Jerry ZigounakisIs the proposed entity supposed to hold title to the real properties? 

This kind of legislation discourages good investors and people who enjoy coming in and helping to stabilize communities.

If you are going to share lease edits  brought on by local landlord tenant legislation updates make sure to include the location but I suspect edits influenced by tenant interaction will be most helpful to those who read these forums. 

What you propose is certainly less risk than what I had envisioned. 

on your second question - you're proposing 100% financing. 

Of course your participation in those tulip bulb type speculative frenzies isn’t guaranteed since the asset/product you are proposing DOES have real value.  

Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.

And you're proposing to pay the investor a "return" of 6.30%, how did you come up with that number?