Developers and interim owners have for decades retained these rights when selling the rest of the real estate in case oil is ever struck a la Beverly Hillbillys.

Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes. 

Still developing. 

Hey Joshua,I'm currently in the throws of a development project in Brooklyn, and the $300 a sf model is a little light, especially if you plan on decent finishes. 

So I think moving the lot lines so the house and 2nd lot can be sold separately or even developed and also doing a moderate level renovation could really increase the value of this property overall. 

I too got caught up with a very Rich Taiwanese investor and a RE developer in the states..

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I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

(No, I didn't develop this one, either).Guess what?

My developer buddy in Denver told me 'Rubin Brown.'