So I picked up a 4-plex a couple of years ago, and thanks to a highway getting approved for development in that town the value has jumped roughly 50% in what was an otherwise stagnant market.The property is cash flowing a bit, but nothing special considering some unexpected repairs last year.So my question is: would you think about holding on to it and see where the market settles?

My number one fear being that the LAND is not being purchased and I would have to dig deep to find out about whether the park owner could remove all units and develop or sell the land separately (that is the best buy and hold deal in the world!).  

Good luck in developing your idea.

Hold.Is it possible to partner with a developer and have them build something new and then we split up the sale profit?

These 2 will give you a good basis to develop a plan how to raise money and how much you will need.All the best to you,Patricia

I like the challenges and intellectual stimulation that comes with this type of job (I work in research and development).

I would like to develop internationally one day, but for now I have teamed up with my sister and made a couple of wholesale deals.

A tool used properly (intelligent investor debt) will improve your situation.

You could also contact one of the Chamber of Commerce to get their help for where you should locate and if he was aware of any future development that might effect you.  

simply do not take anyone's word for this landlock situation.. open escrow get a title commitment and see it it is actually landlocked.. if it is your remedy in the real world. is1. getting a neighbor to grant you the proper easement you will need.2. confirm from the city or county that you can access the property from this new easement..despite common statements folks will make that no property can be landlocked.. and there are remedies this simply is not true.. properties can be landlocked... owners do it to themselves.. not common but it does happen.As for the old house.. sometimes if there is no lead or asbestos fire department will burn them down as an exercise.. ( sometimes)biggest issue in many markets now is the lead paint and Asbestos remediation during the demo.. some areas they don't car.