I do not have much experience as an investor but I do have a lot of expererience in the construction business and a little in real estate stuff.  

Believe it or not, I know a bunch of things in construction and a little bit about real estate.  

I'm most assuredly a "newbie"; new to self-storage, new to commercial real estate and new to construction.

Doesn't sound like a lot of meat on the bone though considering your gonna have $10M in commission plus closing costs plus rehab costs when you sell in six months plus, your gonna have taxes on any profit as you don't get to claim the homeowner exemption from the gains.

Buying land and constructing looks to be attractive play to me . if real estate corrects by 15-20% then all i am losing is the 15% profit margin assuming i have assessed things accurately . 

I know very little about rehab or construction, so I am worried about taking on a fixer without a knowledgeable partner.My biggest challenge so far is how to accurately determine AVR without experience.

Anyone here have experience in LIHTC in new construction?

I am currently seeking an investor for the acquisition of the lot next to mine for assemblage with the purpose of constructing a multi-family condominium building.

I have over 15 years of experience in just about all aspects of the real estate industry from new construction and remodeling to marketing and working with investors.  

If they don't, I would hope they provide some other area of expertise that provides value to you such as construction or contract law.