I got real , real lucky by finding not one but two partners who are responsible for the financial aspects of our investments , I do the boots on the ground part from seeking the investment to inspecting them and estimating rehab and managing the rehab and design and even help with marketing them when they are ready for sale.

Feel free to pm me for more insights or help and perhaps I can help you strategize to give you the best chance at acquiring some of these properties.

Ie do we both pay for all shared aspects of the building / lot?

As for the inspection aspect when I receive a offer conditional on inspection I make sure the buyer is told that I recommend inspections but that a inspection is only for the benefit of the buyer.

The numbers work like multifamily but the operations aspect is so different and we spent time learning from the experienced operator.  

I'm looking to invest in real estate with a multi family unit. I plan to have to property owner occupied. The kicker is in my current market multi family units aren't in the best area. My goal is buy a multifamily uni...

This is an aspect of my business I really need to optimize.

This gave me the exposure to all aspects of a development deal on multiple larger ground up development deals.Your likely job title will be: assistant project manager, analyst, development associate.

However, when it comes to development, especially if there are potential commercial aspects, many times the land is valued at its potential use not how it's currently being used.This article on BP should help with some of the different parts of the topic:https://www.biggerpockets.com/renewsblog/2009/10/02/developing-real-estate-price-land-profit/

@David FaulknerI'm looking for ways to wholesale WITHOUT the shady aspects.