With the corner and access you make the rules.300k is way to low and they can make up for it on the other 23 acres giving you more money.You really need someone on your side.If I were there I would work for you and NOT the developer.They are trying to wear you down and see the lowest you will take.You know the income approach but it helps also to have knowledge from the other side like I do of what the developer will do with the property and how they will most likely extract the most money for themselves.This will help you not hold them hostage but capitalize on their problem.Sounds like an unseasoned developer because they should have known long ago they needed your property to make it work.From an access,architectural,and design standpoint they need your land.

I am supposed to be starting with an agency as of the 1st of the year, so that will give me LEGAL mls access.

We weren’t going into this 3-day session believing $199 would get us access to everything.

I also happen to have a licensed plumber "in my back pocket" (my spouse) and therefore have access to many other contractors and subcontractors.I look forward to networking and learning on BiggerPockets.com!

They are demanding access to her tax returns but the problem is she does not file taxes because her income is less than required to do so.

The deed restriction does not prohibit the brother from inheriting.Your problem with this property is the back taxes.

If you can start with a situation where you can do absolutely anything you want with very few restraints, AND you have a lot of patience, AND you've done massive renovations/builds in the past, AND you're a total house nerd with a true appreciation for space and architecture, then I MIGHT suggest that you take a shot at the floor plan yourself.The sort of houses I build and renovate often are on tight lots, with zoning restrictions galore.

The problem is without having inside access to these vacant homes, I wouldn't know upfront if it matches my buyers criteria based on the number or bedrooms and bathrooms they want or the year it was built.

I also have cash in an SDIRA, but thought the transaction would become too complicated this way, with the all the restrictions involved.

There are thousands of government regulations on all industries that do not make a lot of sense; I would try to ease these restrictions as quickly as possible.