As a general rule of thumb if the property has a ground level commercial requirement in order to show sufficient hardship to seek a residential use change the property should be located in a location that is not conducive to commercial use i.e residential street, close but not as marketable as properties located on neighborhood's primary commercial corridor etc. 

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

Still seeking a buyer Lessons learned?

I can see things moving forward in two ways: 1) These individuals and entities will work with us to return monies owed back to the Company or 2) we will need to go to litigation.

However, I'm feeling a bit overwhelmed by the sheer number of markets and the endless research involved.I’m reaching out to seek your guidance on how to take that first crucial step in my real estate journey.

Activities prior to launch, but after you have purchased the property, also count.2) I'd recommend reaching out to the other individuals that work on the property and ask them for an email or time log of their hours on your property.

Readers should seek professional advice.

Readers should seek professional advice.

Readers should seek professional advice.

Much of the info you are seeking can be found on AirDNA.Com.