Thank you for your response Rachel. sound advice! 

Also, is it rude to leverage multiple agents to see which one finds you a property first or using his contacts even though you didnt close with them? 

However, I'm concerned about the financial viability since I would be responsible for two mortgages.

Our team specializes in preparing land up to the LDP stage, including handling all necessary entitlements, and we are looking to partner with developers who are interested in such ready-to-develop opportunities.Could you share any strategies/tips on connecting with developers here?

How would you structure investment strategy with his  current assets? 

The owner at the time spiraled into dimentia, and his son wanted a quick sell to help pay for his home care.

The solution that was initially proposed was that friend/business partner would have his 25% equity split bought out of the funds that the 3 equity/capital partners are bringing to close and then he would take 25% of the backend profits.

Clearly I didn’t post the response smh lol.

Can anyone give me some tips on the area and coming up with a number based on those factors?

Tips for doing well include making connections, keeping up with news, and being patient.Good luck!