Might be worth a read or talking with an attorney if you do not have a real estate broker's license.

At 11-22mph if you’re there for an hour you get a 20-40 cents worth of electricity. 

All in all it was worth it for us and my client over those years, but you never know when you will get that proverbial knock on the door. 

It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income. 

The investment is worth it as your income grows. 

I have about $120k left on seller financed loan and the house is worth $280k.

Is that worth the trouble trying to convince your partners to change it?

Nonetheless, with your current mortgage rate and solid equity position, it’s definitely worth considering getting a good, respectable tenant in there and watching your equity grow.

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.  

It’s definitely worth exploring these strategies!