The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

For me, weekly check-ins and just being real with my team—like saying, “Hey, I’m not sure, let me check on that”—have saved so many situations.

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

Some investors thrive in these situations, while others prefer clearer paths to ROI.Before proceeding, consult with a real estate attorney and conduct a title search to uncover any surprises.

That said, here is my situation.

I could be wrong or out of line, but I feel like this is a field where you really need some good expertise/experience to know how to address the variety of crazy situations that will come up.

Just depends on the situation/scenario.

Sometimes the asking price does not reflect what's actually going on, there's a tenant, there's a change in the seller's situation, etc. 

I’d love to hear your thoughts on the best course of action in this situation.

Most will work hard when they are doing the capital call (a few of my deals did that) but some actually called to discuss the situation.