What would you then propose doing that would be in the best interest to your buyer?

A fundamental truth about any policy proposal is that they involve tradeoffs. 

My comments reflect that the investment you propose to either syndicate or interest an investment partner can not offer these investors a return competitive with other opportunities in the market, for the same level of risk.  

The plan would be to contract a local engineering firm to provide a proposal/costs for the development, such as # of potential lots, any easements, road creation costs, utility connects, etc.  

You’re proposing spending $65k on rehab to add $93k in value.  

She told me that he’s very motivated to sell and to send a proposal.

Here is some more information on the FIRPTA tax related to sales directly from the IRS:https://www.irs.gov/individuals/international-taxpayers/firpta-withholdingI am not a legal expert and cannot speak to how the structure you proposed having of separate companies for your investment and property manager will protect your liability from a lawsuit.

Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.

You not only need to prepare draft documents, but you also have to "sell" your proposals to the Board, and sometimes to the General Membership.

@Randy Bloch- The people that wrote the proposal put May 1st but obviously didn't understand how the rules/voting work on a charter change.