Adding 16 small units can be very profitable, with enough profit for all those involved.  

This is a blog I made myself, let me know if it helps my goal, to achieve profits because right now their zero (leads)How much does it cost to install a patio door?

From what it looks like builder does not want to take a loss and what to negotiate sale where they do not take a loss even profit, since they are selling improved lots. 

The fix/flip might be a good way to get such a relationship started: usually has lower cash out of pocket requirements and you can sell the property faster to recoup the capital invested, plus any profits.

I own 9 rentals in SC spread across Columbia, Chapin, and Newberry that are solidly profitable. 

Having said that, we also have many clients we use our systems and processes for crypto funds, buying existing businesses, funding startups, hedge funds, venture capital, and even non-profits.  

I could have gotten to profitability in a fraction of the time without those unnecessary expenses. 

In construction, there is only so much you can do to reduce your margins while staying profitable.

Should I go through with taking ownership of the property and try to salvage it for profit or do I refrain from even involving myself in the situation as it may cost more than it's worth to save it?

You can negotiate a flat fee, or percentage of their profit of any deal.