The purchase was $375,000 and the rest was used for renovations.My cost bases in the building will be around $740,000.I refinanced the building with a $900,000 loan.I have an offer on the building of $1,400,000Total capital gains would be about $660,000So, my question is after selling the property (for easy math) lets say I walk away with $500,000 after paying off the bank loan.

However as a seller, Selling your home in the years 2008-2012 was not good due to the glut of homes on the market because of so many bank foreclosures. 

In my jurisdiction, they will adjust your taxable value the day you close, and if it has been a while since this deal closed, often times the taxable value that seller is paying on has not kept up with market values.  

Yes, you can work on a subdivision, especially if you let the seller/lender know your intent, since some jurisdictions require that the lender of record sign the map before it gets recorded.

Investors and banks will want to see the experience.Prior to syndicating your first deal, you need to spend time educating yourself on not just real estate but specifically syndication. 

Consider local banks and talk to their commercial department. 

If anyone will do this, it will likely be a small local bank or credit union that you have a banking relationship with.

I continue to see no suit against you in the jurisdiction.

Liquidity is equity, equity gives you protection from any lien holder whether seller, bank, HML, or PML.

The entire list of pre foreclosures, probates, bank owned properties, cash buyers list  you can buy from us for I believe $159 per month.