@Josh CaughranWelcome to the community and be ready for a huge amount of information at your finger tips.

Then if they need to redeem, they use that money to do so to avoid selling assets.

Out of the 20 letters I've sent, I've had 1 guy get back to me and we were in discussions but weren't able to find a price that worked for the both of us.The issue is that I only have a few houses on my mailing list so far (just places I've walked or driven by that caught my attention), and blindly searching every street and address # to see which houses are actually legal multifamily will take forever and doesn't seem efficient.I know the data is publicly available, I just don't know how to aggregate it in a way that would be efficient and useful for blasting out marketing mailers.Are there any websites that can pull massive lists of all multifamily houses in my area?

You could tear out everything and spray the lumber with Monterey Consan 20 (I used it in Louisiana after the flood of 2016).

You will likely get what you consider a poor valuation from any appraiser that a lender will use.  

I was just following this news today. 

This is more person and human friendly and good for newer investors who want to build locally.

So sorry to hear that you're going thru this. 

At this point I think I need to finish the renovations regardless.

For this project, that would mean targeting land in the $1.5 million range.