Your role will be to bring them a very good deal, and communicate why it is such a good deal.

Defining roles and responsibilities as well as possible up front will be key.

I'm  not clear on the role of a tax attorney.

Your operating agreement will set the tone as to what role the investors have, but it's just human nature to want to look after your investment so the more a person has invested the more they're going to be looking over your shoulder.Normally, the amount of percentage of equity the investor receives is in proportion to the amount invested, but this is one area where you can be creative.

In some places, termination of a site-management/super intendant role such as you describe is also cause for termination of the lease with the individual(s).Next I would speak with your attorney for real estate matters before undertaking any action as there may be employment legislation which also comes into play.

Along the way I've gained some familiarity with the role each plays in the development process and had much practice in communicating with a broad range of professionals and personalities.

I think you need human interaction and role play to really get the meat of the deal... you can only learn so much staring at a computer and then read threads with 180 degree divergent opinion's which are generally proffered by those either selling you something or want something or just want to believe its ok because some one told them that.. etc.

If you obtain the redemption rights and exercise them you should have title within or soon after 60 days.  

Each form of REI needs more of some skills and less of others, butrental operations (buy&hold) needs people skillsall REI needs ability to do research on your own or to find the proper reference material is essentialsome degree of business accumin is required (invoices, POs, simple accounting)You can learn finance and legal stuff on the fly as you begin to need need them.Investments are not a natural endeavor so IMO, an investor is never born aka Calif's Eureka but an acquired set of skills from exercise.

Though I have a college degree, I don't foresee a future in which is plays a large role in my success.