Originally Posted by Investy

Someone I know has done this - be prepared for a long haul. So far his consortium have been at it over 2 years, with not even a brick laid yet. They think they wont see thier profits for another 3 years at least.

They had a lot of hassle with architects trying to rip them off, by over stating the charges for building works and materials.

They also ran into difficulties with owners of adjacent land not allowing access roads / pipes etc unless huge sums were paid in reconpence.

I guess it can be done of course, but just wanted to give you this example as a heads up.