We ultimately sold that one to a handyman and only made about 1/2 the profit we could have made on it - but we were worried about being able to sell it on the open market with how bad it smelled.  

Ultimately, I would love to end up with a community of 20-45 microhomes, with a retail price of around $150,000 each.

That is ultimately your decision. 

Similar to Structured settlements where a company like J.G.Wenworth buys out the settlement for a fraction of what it is worth...I am looking to do the same with the interest in the property that is ultimately to be left to me.

Our understanding is it spirals from there and ultimately results in the structure no longer being grandfathered mainly due to the level of unpermitted work that was performed.

To his credit, Ryan complied with this request; we felt that communications somewhat improved after that, even though progress on the project ultimately did not.

Should be based on percentage share of partnership, but is ultimately the GPs call.

Ultimately, the property is part of a business, I am trying to get creative so i don't have to purchase it all at once.Thoughts?

The ultimate question is whether someone is in growth or sustain mode, so that will change the strategy.

Ultimately this comes down to generating leads and doing deals.