I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

I ending up burning some money for the things you described (NAR membership, brokerage fees, quarterly MLS charges, etc), just a lot of things I found I wasn't getting any value from, I decided to simply put it on full stop and take a year to really reallocate and figure out what I needed to do.

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

  ( keep buyers from wasting money on DD i suspect)3.

If you are a partial owner of this land, I would not invest much or any money into it.

If you have a solid team and some money set aside it's doable

Is there anything I can do to recoup any of that money or am I SOL?

-Explore builder-financing programs, private lenders, or hard money lenders who may focus more on the deal itself rather than personal experience.If you can demonstrate successful project management and a solid business plan, funding will become easier over time.

I've learned a lot since then have become a private money lender and have done a lot of deals.

Am I going to make money on it, is there a value you ad opportunity so that I can fix it up increase the rents and thus increase the value of the property.