Does anybody see anything wrong with any of these Numbers with how I'm thinking of structure in this note?

Has anyone had experience with sort of structure when starting out? 

I realize it is not a property with a structure but It is a great part of town to build on. 

However, we are considering an LLC structure currently.

This doesn't change the structure of the loans by much but they will want more money down and likely more letters of explanation about your situation. 

Check out their online reviews, see if they help other investors and what those investors have to say.Here's a great post with some questions to ask, and this will be far more useful than any credentials: Questions to ask a potential Accountant (biggerpockets.com)Sorry, but your response does not make much sense.It sounds like maybe you are generalizing maybe the worst 5% of CPA's who would not be able to complete a tax return.Below are the credentials required to become a CPA for most states1) Completion of 150 college credits2) completion of 4 examinations on tax, law, business structure, accounting and assurance.3) Annual CPE(Continuing and professional education courses)4) 1-2 years of work experience working underneath a CPA.The original poster is not looking for a bad CPA, he is looking for a qualified one.Thanks

Over time the structure evolves and sytems are installed.  

Second, how could we structure the deal to make sense for both of us?

Think of the ways you might structure the deal with the seller so you both win.

I don't know much about HOAs as I don't invest in any properties with them but I believe your HOA covers insurance on the building structure and common areas.