So, if your scenario actually came to fruition, it would be because of an attorney and, to use an attorney as you suggest to protect one from the actions of attorney seems ironic and poignant.

Underperformance is more common than it should be.When investing in real estate directly, the deal is everything--buy the wrong property or pay the wrong price and your best laid plans won't come to fruition.

I hate to discuss about it before it comes to fruition so I'll keep it low key for now.Have fun reading & learning.

I am concerned that the issue you brought up could in fact come to fruition. 

Or if the property doesn't appreciate 10x like you hope it will in 20 yearsOpportunity Cost of CapitalTime Horizon - while you're waiting years and years for this investment to come to fruition you could be deploying that capital to produce income for you and most importantly developing the capabilities that would give you the leverage to develop that valuable land later in life (buy it from some other bozo that had your plan, at a fire-sale, and develop it yourself)All this said, my caveat questions are:What's your time horizon?

This deal never came to fruition because the owner's eldest daughter decided she wanted to maintain the rentals her father had acquired over many years, at which point the listing was terminated.

If you end up next to a favorable development that comes to fruition in a few years, you can cash out.

I like the idea of fighting with a private appraiser if the ED ever comes to fruition.  

I do not think we will see that actually come to fruition under this administration. 

A lot of new investors like to skip over these expenses because some of them may or may not come to fruition.