Are there alternative investment strategies I should consider for this vacant land to maximize its potential value?

Not only that but they also want to make substandard repairs to homes with cheap materials.   

It offers more flexibility and you're only paying back what you use.Another alternative would be a business line of credit.

Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.

Owners are supposed to certify to the Board if no sales were generated in any particular month, as well as provide a copy of any Colorado sales tax return or alternatively, a report from AirBnB or VRBO regarding the sales for that month.I find this invasive, crappy, and a whole lot more that shouldn't be said in polite company. 

Alternatively, you want to avoid a scenario where the tenant is forced to find someone to take over their lease since that means you'll have less control over who the unit is being sublet to (IF you don't have any restrictions against subletting in your lease). 3 - If someone's parent has passed, and its only been 8 days.

Alternatively, you could work with an attorney or real estate agent to help and pay them a flat fee.6.

More than likely they are working on a contingent fee basis because the plaintiff does not have the means or alternatively would rather part with some of the upside for contingent fee representation.

Either way...costs have SKYROCKETED in the building material space...people who are building at such a low fee are likely their own GC and not paying themselves properly@Alex L. - What prompted the purchase of the lot? 

Expense Deductions: Deduct direct expenses like materials, labor, and selling costs.4.