@Thomas Rutkowski may be able to help with a monetized installment sale...not sure.

Taxes are cheap (less than $100 a year) but I have to spend time with upkeep.Here are the details of the land and what I have looked into to monetize it (and failed), with a diagram in case that helps.Land details:Zoned ResidentialSituated next to (but below) the busiest road in my city.About 8,000 sq ft (with about 1/5th being an embankment)Irregular shape/contourNo utilities at this time.Monetization I have looked into (and failed)...Build a small home on it and rent it. 

In business, you do things that are most likely to monetize the most.

DISCLOSURE: I have not invested in this Reg CF offering and have no plans to do so at the present time (but the idea sounds intriguing).I'm not sure if this idea is applicable to @Chris Miller's situation, but a way of monetizing vacant storefront windows with advertising revenue is being promoted by VisuWall.

Should be able to get all my cash out in year 4 and still get $450/mo net.

Cool Brock, how are they monetizing it?

Any way that you can monetize your deals will help you gain momentum and turn a profit.To get started wholesaling, I would definitely check out the  Ultimate Beginners Guide to Real Estate Investing.

However, I want some input from investors, realtors with the task of serving investors, lenders, and any others in the business.PRELIMINARY FINDINGS: Investors often fail to accurately monetize their time when deciding how to spend rehab dollars.   

Chronic complainers will waste 3x+ of my time with their complaints expecting they can monetize their time sitting there all day watching their neighbors. 

Storage and laundry would be another way to monetize it as well.Another tidbit you may find useful, when I met with the inspector for my CO, they mentioned that in Elizabeth you are allowed to have bedrooms, but no kitchen, in the attic.