Conceivably, these siblings would either list and sell the asset to your investor (for which you receive commission #1) or you bring in a developer/syndicator.In the second scenario, siblings would partner up and contribute their equity into the formal or informal partnership and the developer/syndicator would bring experience (successful track record), and other resources including builders, design architects, engineers, and entitlement experts for zoning and building approval, depending in the scale of the project.A third choice exists whereby siblings attempt development themselves.

During this entire time she is extremely condescending, disrespectful, yelling and screaming and I have recorded it on audio.When she finds out I am the property manager and the owner, she wants to cancel the lease and wants her $500 back.

I am far from being an expert, but I think you should take the conversation more into what it is they invest in.

People believe what they want and if you look at what is going on in the world (as well as what true experts have been saying who correctly predict trends) you will see that you don't want to be in real estate when the bubble bursts.

Only the most experienced investors with extremely deep pockets and a strong support team should venture out into what you are considering. 

I love investing in my local LI market because the asset values are extremely strong even in a down market and the rents are equally strong, but the taxes are high.

Prescott is beautiful but extremely isolated.

And there is an EXTREME shortage of student housing. 

I am extremely new to real estate investing and would like some help. 

Also you will have to get creative with financing unless you are already wealthy, or buying extremely cheap properties.