.: Thanks for the insights @Robert Ellis.I'm totally aligned with your views on lowest cost/risk and the idea of basing equity on the valuation of each partners contributions.I'm struggling with how to apportion equity (if at all) based on how my partner is proposing to do the construction financing; my land is collateral for the loan (I retain title vs transferring it or selling it to the partnership), the land is in second position at payout, I'm co-signing the loan, and my partner is not making an initial capital contribution.   

I always recommend the following basic steps :Educate(podcasts, books, internet) to find a strategy you align with or that aligns with your life. 

I would spend more time making sure that your sponsor is properly incentivized, and that their goals are properly aligned with the investor's goals. 

These are very much aligned with what I was thinking

When I evaluate the options, house hacking consistently offers the highest risk-adjusted return, 10 times out of 10.That said, it seems like house hacking might not align with the lifestyle you envision: “I can’t afford a place with enough bedrooms in a single unit in the areas I want to live.”

Once you have identified that narrow down your search to two or three options then consume as much of their free content as possible and make sure you align with them.  

Our team quickly worked with the seller to ensure a smooth and fast transaction, aligning with the strategy of a quick sale.

Understand EVERYONE has their own agenda, which may not be aligned with yours.

You will most likely need to take several trips as there are dozens of items that you will need to buy and the shipping dates will not perfectly align and on top of that some of the items will require install etc.

Will definitely add it into the consideration as I figure out how to re align the portfolio.