Also, I found 2 ideologies regarding such development projects: Use one GC for the entire development or use that GC only for crucial trades such as foundation, framing, roofing , external siding, etc. and use sub contractors for finish and interior work to reduce cost.

Yes this leaves more money in the deal but it reduces my risk and ensures I can remain profitable in a down market. 

%Bus Benches          10,000                   24,000  intentionally reduced number of benches last year.SP aggregator          6,000                      8,000  as our occupancy gets closer to the top, less demand goes through this aggregator. 

With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

  - Working with an RIA will reduce the upfront costs. 

Completely eliminated noise complaints from the lower level and reduced utility costs.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well. 

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

We have converted oil boilers  to gas boilers to reduce costs.