At the end of the day, 99% of sellers and brokers only care about your surety to close (I leave out 1% that might care about HOW you operate your deals, regardless of price paid).The fact that you have never closed a large transaction AND are not providing all your proof of funds up front and/or talking with brokers about where the money is coming from, will give them some trepidation.  

No excuses for being unable to read or understand it.

I was told they take care of everything when setting up LLC.

I would read up on the risks before collecting rent with those tools.

The land is currently owned by my cousin so the conversation to purchase will need to be dealt with care.  

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

Can't believe I've been reading Rich Dad books for years before ever hearing about Bigger Pockets via David Greene books (BRRRR and Long-Distance RE Investing).

If you carefully review it, you may find FACTUAL ERRORS!

I did read someone on these forums advising against it too.Any advice/insight about this?

Give it a read, and you'll have a fair understanding of the process.