There are limited exemptions such as if you inherited the property where it would be allowed.There are technical means to navigate the 90 day rule but your best bet by far is to talk to the lender and let them know the situation and ask for their direct guidance.  

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

An article from The Mortgage Reports explains:“The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals.

@Steve Englehart Cashing out an IRA or Roth IRA to buy rental properties has significant tax and financial implications.

Not questioning your judgement/assessment, just trying to understand the situation to best advise you. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation.

You are bleeding money now, but each year it might actually get worse depending on the financials. 

I'm eager to learn about how to find and fund properties that help my family financially and my community with affordable/reasonable dwellings for young families and newlyweds.

Since this opportunity came up, I've begun to take real estate more seriously as a path to financial freedom.