If it does, then to me the answer is absolutely clear - take that money out and add more property.You will thank yourself a million times over when you see what that choice becomes in another 10 years. btw: I would add that I am very skeptical of anything in florida these days. 

Once you have your directors and can clearly articulate your mission, you can create one relatively easily through LegalZoom.

@Kyle Luman I’m not sure if you understand the nuance, but your post made me wonder so I’ll share some insights in case it wasn’t clear to you.

While it's then a good thing that I wrote that my intention wasn't to be condescending, I'd have been better off writing my post in a way that clearly wasn't.When posting in the forum, you often run the risk of making someone unhappy, even if you're mindful about avoiding it.

Taking action with a clear plan is what builds wealth.

Same here I was able to find the coding and zoning laws but same verbage and was not clear at all.  

Put the work in to get it cleared then sold it to investor who bought property to hold it.

. - I was in a VERY similar situation here in Chicago, but I had less experience working on my own than you.I had a piece of land that I owned free and clear, but since I didn't have any development experience, most of the banks wouldn't talk to me. 

If you do a proper foreclosure and notify all parties a tax foreclosure can clear up an otherwise scrambled title. 

Develop a clear set of criteria for onboarding clients and stick to it.