Not married, but my suggestion is to maintain transparency and have clearly defined roles, so you aren't stepping all over each other. 

You have definity found a great place to learn a lot about all aspects of real estate and network with people.One thing that I have found very helpful besides reading the forums is listening to the podcasts (they are free) and getting all the ebooks that are offered on this site. 

Mark, still not hearing any defined area of interest, you're saying development, to most here that means a housing development, 100 lots, might have mixed use in there, you may mean development as a project, that might be restoring a 100 year old home.

The state statutes define "blight" differently and that's where the battle ground is.The very real constraint in my mind  also public coffers were decimated by the great recession and they need every cent of the tax base rolling in.  

Ha ha ha.Short for anal retentive, defined as uptight, strict, picky; "by the book".American slang, gotta love it.  

You will need to define exactly what you will be doing as the sponsor.  

Those are also definable goals that can be clearly evaluated. 

(The owner of the company is actually a preacher as well which may not mean much to some people but I feel I am a pretty good judge of character and he and his team seem very honest and so far have been great to deal with)

They are mass marketing "off market properties" that's ok but lets define what this is for bpers. 

They'll go down as defined by NOI / r - g, where r represents the required rate of return.