This is a good lesson in having experienced folks with complimentary skills on your team.

A cost of mistake on a project of that size would easily cover the costs of hiring someone that is experienced. 

Thanks, That doesn't sound illogical for the actual mapping process costs from Civil and city fees - I haven't done a 34 unit mapping project, but everything I've experienced suggests costs are less than linear as number of units increase.I would doubt that $100k budget includes right of way or utility work.Does that $100k include legal fees associated with HOA creation and establishment?

You can also gain this experience by investing with an experienced syndicate manager in larger projects (100+ units) and closely studying their monthly/quarterly reports.

Money Mustache to live below my income and invest so I can have more time to pursue things that I love and causes that I care about.Am very excited to absorb information from anyone willing to lend some - also willing to put in hard work to learn the ropes from someone more experienced!

Apologies......BP doesn't let you attach a  file for review and it reformats excel cut and pastes.  

@Delshon Chestnut, there are several experienced CPAs who are active participants on ths forum.

You can ask a real estate attorney to review them.

I too am a newbie in this real estate investment game but I'm eager to learn and become an experienced investor. 

Before investing, find a cross border CA / CPA tax specialist and get him to review anything you want plan to do.Oren