My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts.

A prudent investor doesn't seek quick riches through shortcuts.

It's best to let the individual investors make a mistake and then they can swoop in and exercise their right.

There's nothing wrong with seeking concessions if there are issues that arise in the report, but using this as a strategy will garner you a reputation within the community if you are repeatedly going under contract and then seeking large re-trades. 

Joining Bigger Pockets hoping to accelerate my learning process and meet like minded individuals.

They analyze components such as cash flow, principal paydown, appreciation (both home and renovation), initial equity, depreciation, and interest deductions for tax savings, giving you a clear picture of individual gains and ROI over 30 years.

If the borrower is seeking a construction loan, I would say loan administration is of utmost importance.

I am a small investor in the Tucson Az, area looking to meet and learn from like minded individuals.

Readers should seek professional advice.

definitely split the lot would be the highest and best use I would assume and sell them off individually