I would do some market research on top-growing cities and determine which of those cities are within your price range and cashflow goals.

Buy and Hold GuyResolve, commitment, and determination are necessary. 

I'm here on the forum to better understand - how others would navigate a similar scenario.I guess I'm still shopping for the ingredients to determine if there is a 🍞 of bread and if I should even attempt to bake it.

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

Fear and greed determine such markets.

We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.

Quote from @Derek Stevens: @Michael Baum My initial question was about determining a sale price not raising capital.

As someone that over analyzes things as well, I’d suggest you step back and think about what your goals are in order to help determine what path to take.I like JD’s suggestion about reinvesting in your business.

This project will likely be acquired as a SPAC, but those details will be determined by the group of investors, if more than one. 

I too at first thought it odd, that they didn't have a big internet presence, though they've been around over 6 years.