Your approach to calculating the maximum construction size within a specified budget is enlightening.Based on your figures, I've noted the project budget as follows: Land Acquisition: $8,000 Utilities and Tap Fees: $7,000 Engineering, Building Permits, and Architect Fees: $5,000 Construction Cost: $180,000 (at $160 per square foot for up to 1,125 square feet) Total Project Cost: $200,000This budget underscores the critical importance of efficient cost management, especially in balancing project size and quality within the financial limits.Considering my project will be situated in New England, where costs tend to be higher, I've adjusted the budget to reflect a 40% increase in utilities, tap fees, engineering, building permits, and architect fees relative to the costs you've outlined for Ohio.

Then for other jobs make sure it outlines a price for material on things like fixtures, flooring, etc..

Only on an exceptional purchase like I said, then Frank said.I haven't needed to yet (did my last couple with cash, too many repairs) but would finance with heloc as DP if like Frank outlined. 

The most interesting metrics are outlined in red.

I approach any guarantee of returns as a red flag, unless it's clearly outlined with a payment schedule, as all investments entail risk.

Depending on your state, it will outline how you can collect.I've had about a 70% success rate in collecting something. 

I am open to other suggestions that would make more sense or perhaps minimize issues moving forward.I've read about Tenant-In-Common entities and also read comments on BP about setting up a separate LLC naming each investor as a partner and having an operating agreement outline rights, responsibilities, obligations, etc. 

As long as you outline ahead of time each other's roles and responsibilities and both parties are aware and good with that then that's fine.

Find a reputable contractor and keep open lines of communication on the project, outlining your timeline and goals.

Also recommend checking out Pace Morby's youtube where he outlines this.