Any advice on the process besides the stamp portion is also welcome.

A large portion of investors in the US are known as “buy and hold” investors.

So a portion (the term portion) of your permanent policy payment does not get invested.

Two other considerations here. 1) you said OO meaning selling within the next 3 years will generate a tax free 'gain' for the owner occupied portion of your property, so that could influence your decision process. 2) If you refi you will have fees to pay, so the question is are those fees worth it.

The rehab portion is something I will enjoy.

Land price will depend on that what someone is planning to do on it ...Keeping that in mind .. land owner will get the least amount from the overall value since typically land close of the lower portion of overall development ...More capital = more risk = larger share of the profit..4k/acre for land lease if only possible if you allow someone to drill on your property actively thus need to have active hydrocarbon reserves as mineral right ...

Another idea is to buy a portion of the neighboring lot (if that's possible) to add enough acres to your lot to add more units.

It entitles the tenant to suspend rent payments or pay only a portion of the rent until a landlord completes property repairs.”Not sure how this relates to the question.

One of the sisters has decided she will be opening up a school in another city and would like to get someone else to take over her portion of the lease.They found a possible candidate to move in. 

How do I avoid paying taxes their portion of the profit.