https://www.hudexchange.info/resource/729/sample-development-budget-and-operating-pro-forma-for-a-commercial-and/or-mixeduse-nsp-property/Plug the numbers into this pro forma to see what your real profit will be.

The development is still under construction  so I have time to do research.

I bought it in Metro Detroit, but recently Magic Johnson just partnered to do a development several blocks south of my rental.

While my background is in software development, I’ve spent a good amount of my free time trading equities/options, learning finance, and now looking into real estate.

Iv learned the money is in the development of the land.

This is for new construction, I want to minimize the development cost, some areas are ridiculous for fees.

Before getting into a deal passively I would recommend building a relationship with credible syndicators to see if their investment strategies match yours and if where they invest makes sense to you.Once you have developed a relationship and vetted the syndicators, then I would see deals that they offer.It's a long road but if you have any questions feel free to reach out.

I am looking to get going and think that a great starting point is to develop a team before hand as suggested by Brandon Turner.

I reached out to him and have developed a relationship with him.

Every municipality has their planning and development department and it's good to know the process of the area you are investing in.