He wants me to be the project manager with a couple commercial properties he's developing because he does not have the time to communicate with the architect, engineer, someone helping with the zoning that has connections to city council and the land development commission.

I do engineering for developers, so I do not have much familiarity with the finances part of the investing. 

Most RE project finance is either Equity(shares and shareholder loans), Debt or Hybrid(mezzanine finance,  preferred equity).Suppose a multifamily township development project has LVR or LTV of 60%, 60% debt capital can be raised, how should one model remaining 40% finance such that highest developers margin can be achieved after all the payoffs.Thanking in advance

So if you have a 20-acre parcel, anything you subdivide and develop that will be less than 10 acres will be subject to a penalty of 10% of the assessed value AFTER it is taken out of current use. 

I am out of state NY investor so it’s hard to make many trips but we want to narrow down communities /developments so we can target those -any developments or subdivisions you would recommend that you like especially for easy renting, Attracting good quality tenants and reasonable hoas either in Mount laurel or towns close by that also cash flow ?

The often quoted cyclical nature refers to MF properties, as developers respond to demand, build inventory until there is too much etc..The residential market does no go through cycles, just google homes values over the last 60 years.

My interests are in wholesailing in the beginning, switch up to flipping as I learn and then finally renting or developing if all goes well in the future.

My fear, however, is that by continuously reading, I will develop "Analysis Paralysis".

However, there have been new developments and I am looking for some input:- My realtor contacted me yesterday saying that the 1st floor tenant would be moving (mother to second floor tenant). 

If the current owners didn’t act promptly to remediate the water damage, the home will likely develop mold.Given that this issue was not disclosed and happened prior to closing, I would not put pen to paper.I would not want to live in a sick home, or one that likely will bury you in repairs costs.What other surprises awaits.