This deal had rents anywhere between $200-300 below-market so a lot of upside without the value-add program (which will juice returns nicely).

Are you talking about 10 acres or 1000, one building lot or a subdivision that went belly up?

It may take some years but for real estate - the juice is usually worth the squeeze.

Selling isn't a bad option either as other posters have mentioned. 1 thing I'll say is that you could lean into Mid Term / Short Term rentals as well to juice up the revenue you get so you have higher cash flow.

@Matt BellI didn't even finish reading your post because it made me so angry.  

you can just pay back plus some juice, offer a split once the property flips, etc.

But I still think it’s enough juice left to squeeze before automated semi trucking takes over. 

I pulled my bid right away so he doesn't use me to juice up the price in a "best bid" play.I am raising rents minimally 1% since I have high demand for 1 bedroom units. 

If the market is a 8 cap then realistically you can negotiate a 9 or better and squeeze out more juice with the structure of the deal.If they call saying they want fully performing at a 12 cap in an amazing area you have to bring them down to this planet.

You need to paint a real picture, or you lose all credibility. 4: You attempt to take all the juice (meat) out of the deal with your assignment/wholesale fee.