The idea of scheduling one more thing on my monthly calendar gives me a touch of anxiety, as I'm pretty heavily involved in my local community and already am committed about 3 nights / week to local events... but I suppose if that's the price of getting started, right?

Before becoming a full time teacher/musician/media manager, I was heavily involved in management roles, 100% commission sales as well as running my own car detailing and lawn maintenance companies (separate companies - we didn't wash your cars while we planted your new flowers haha).

Others may not and their time is better allocated elsewhere for a variety of reasons such that the trust factor matters the most, which is heavily influenced by the track record of the sponsor. 

Do you think that will translate heavily into problems in all rental markets?

That's going to vary heavily depending on the scope of work and the quality of material you are using. 

I think those traits will weigh more heavily as time passes. 

.- Our team will be heavily involved in ensuring the project’s success through our established government, development vendor (Architects, engineers, GC, etc.) and tenant relationships- We will additionally identify and apply for any available grant funding that may offset the cost of the project for all involved parties- We will obtain contracts with any other necessary land owners that we deem necessary to the success of the project- We will supplement the project’s capital contributions as necessary through debt or equity offerings.- We will secure construction financing from a commercial bank and refinance once the asset is stabilized.I would also like to invest in this project as a show of good faith, but I'm not sure how much or what is fair.

Because the exit heavily weighed on the deal, a sale at 5.75 would result in them returning only 8% IRR to their investors.Check out this article here on vetting sponsors and dealshttps://www.biggerpockets.com/member-blogs/10145/83067-limited-partner-s-guide-to-investing-in-the-right-deal

(I was actually heavily involved in getting 1 unit properties exempted).If the tenants enact their rights (or sell them to a third party) then the process can take many months.

My day to day is to heavily invest in RE.