Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

Ask, "What can I build here, and how profitable will it be?"

Any ideas on what I could turn it into to help generate some extra profit?

How do you pivot if you’ve already started a flip but realize a rental would be more profitable in the long run?

Other people will want to profit. 

Let's say you make 100k/year gross - you'd need 16-17 properties that pure cashflow (profit) $500/month.

Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance  Plan on long-term and hold.

I suspect most of these funds will be unwound not with bankruptcy but with severe haircuts for the LPs and break even or slight profit for the top dogs, and let's go heavy into RE courses and teach you how to get out of your paralysis type plays.  

Gaining an understanding of the Zoning is vital to what can be built and essentially dictate how profitable the land can be.

Profitable with minimal investment Lessons learned?