Surround yourself with knowledgeable professionals who can support your real estate endeavors.

Good luck with your future endeavors! 

I think that this is a marvelous endeavor.

Not a casual endeavor.

Good luck on your endeavors! 

I think the key to getting a good start in REI is finding a way to have a high 9 to 5 income and using a good portion of it  invest in your real estate endeavors. 

Good luck with all your endeavors! 

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.

Where better than Richmond, VA, a promising location for such an endeavor?

Quote from @JD Martin: If you have found people willing to lend you - someone with I assume no experience doing this, since you're here asking the question - 100% of the costs of such an endeavor for half the profits, you have found a gold mine and should look no further.