Rosedale Park has been seeing a lot of development lately, as is Islandview. 

You will be working for your broker not by yourself and the broker is responsible for your mistakes (honest and intentional).Your broker is supposed to train you properly to avoid these mistakes.

Totally vacant properties or ground up development is minimum 1 to 2 years before a return but usually larger equity growth on the back end.

He bought it in a new development and appreciation has been kind to him.

I make a list of every possible thing I need to include in a Rehab and develop a ruff Rehab cost (I add an additional 20% just in case).  

The deal fell through when we found out that the sewer line did not have enough angle to drain properly to the main line. 

They used an architect to help develop the custom home, then sub-contracted the work over 9-12 months.Neither of us are contractors but we're very excited about real estate and are here to learn. 

Might want to investigate that with insurance provider and also make sure all fences and gates surrounding it are to code with the proper gate locks.

I'll ask my developers about this and let you know.

If you see any type of advertisement for them anywhere, then they do not.I don't follow, what is point of picking a market, why not just pick the best deal you can find in any market (assuming he/she will accept sophisticated investor)If you're going to be a passive investor in a syndication the most important thing is to pick the sponsor properly.