Simply be sure you have a few exit strategies and run some worst case scenarios to mitigate your risk.

I have read the ABCs of REI and Commercial real estate for Dummies and they are both very informative books that teach all of the numbers but lack market research techniques and raising capital for the down payment. 

Usually if land isn't selling it's not for lack of developers, but property that is overpriced. 

We own our own stuff directly, and thus can simply ride out long down cycles (as long as we are not over-leveraged) and continue to collect the rent.These syndication deals which have expiration dates seem inherently risky to me - I guess you got free equity for putting the deal together so there's no downside for yourself.

Never simply look at a credit SCORE, but make sure you look at the whole REPORT.

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The advantages I see with that are that you can bring in expertise that you lack, along with being able to take advantage of some economies of scale.On the other hand having 100% of control of a deal and not having to answer to anyone else sounds divine.Curious what BP thinks about this.

This data, or lack thereof, will tell you a lot about both parties. 

If you are BRRR'ing or simply buying holding could provide different recommendations for each. 

Is a private or hard money lender not the best solution, if we lack the initial capital?