Attempted several payoff figures but she was a Realtor and had a bad year and therefore  no money. 

If I hold this property, then I will have to figure out a way to leverage the equity in this property.

My wife and I both have jobs that pay over 6 figures and our monthly living expenses are only around $8K. 

There is a small (<600 sf) house on the lot currently, which is in pretty rough shape. 

I contemplated appealing it, but I figured I would go after the PM instead, which I plan to do.

This is probably the most important thing to figure out because if the Tenant had not paid you for this then this would be money out of your pocket and next time it might be your money that you are out. 

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k Darnell, did you get your questions answered?

I suppose they would be able to help me figure it out but I’m still trying to determine what is the best way to fund something like this and would it be better to sell off the entire purchase once split into separate parcels or is there a way to structure a deal as to where I could sell off some of the land to repay the loan/investors and also retain a portion of it to develop with my own short term rentals.

Figure out what is most important to you and measure markets against your metrics. 

Step 2: how can i figure this out?