I have not heard about this transit line though so perhaps that's something that may sway my decision. 

Other options presented to me is a long flip where i get a traditional loan for a new property 203k FHA and live in that for a year then transition to the other after I’m finished the occupation requirement to sell.Is there any other way I can use the equity in my home to both fix my current home and fix and flip in another??

If you do not manage the project properly time can eat away all your potential profits.

The "upside" would be the profit in the joint venture.To me if this is an 80/20 situation it probably makes more sense for those interested just to bid at the sale and see if that $100k+ can be wiped out.

Show him, hey this might be worth 300k after its ready to go, but it'll take me 100k to get it ready, add on my holding costs, closings, and a little profit for my effort and this (insert $$) is what I can offer.

If you are STILL struggling after getting rid of the car payment, the Starbucks habit and the landscaper SELL.Otherwise, get with an agent and have them answer the question of whether you can or cannot feasibily Rent this out at a profit or very least break even.

I’m currently building a team to work with me on house flips and rentals, and I wouldn’t want this land I want for mostly personal use to mess with those goals.Some initial ideas on adding value to the property: -build a pond w/dock, add a food plot, maybe a small cabin to attract hunters/outdoorsmen-fence some or all of the area to make a small profit (enough to cover property taxes?)

Anyone ever gift property to a non-profit.

@Steve Lee ,  I used to live in the area,  base on your loan amount,  the numbers may be good but base on the market value and the possibility to repositioned your equity  in something more profitable   the numbers are not so good,  I really not expect that prices to go higher,    there are more options to put your 200k equity to work for you. 

It's a multi-member LLC, and I know we have to pay taxes on the profits (minus allowable deductions for the business), but how are the taxes paid?