I would investigate your state laws and see what you can and cannot do.

What strategies or investigations should I undertake to help figure out the best commercial development. 

What strategies or investigations should I undertake to help figure out the best commercial development.

Boils down to legal/investigative work.Do you have a copy of the original trust?

I'm thinking that I should look at various places around the country and do some investigating, then contact a commercial real estate business?  

We are investigating a new business model and wanted to know if anyone is already doing this and if they would reach out to share their experience.The model is as follows: Buy land, clear it, add well, septic and a foundation or pad.

That said, I don't recommend banking on that and even with a taxable event upon sale, I'd think your equity can produce a lot more income in another geography.It's unclear from your post if you have the ability to 1031 or not.I'm also not familiar with the Berkeley market but I'd be inclined to investigate opportunities there first. 

Sure, maybe the PM could investigate to see if there are men's clothes, shoes, etc. in the MBR closet, but it's still hard to prove, and even harder to prove if you go to court.  

Property is on two acres of land, so currently investigating additional ways to boost cash flow such as solar energy, separate garage lease, etc..

Technically if you decline based on information provided by a Consumer Reporting Agency (IE credit report, background check, etc) you have to give them an Adverse Action notice (SmartMove can provide this for you if you use them) which will state where the applicant can investigate further and dispute the information.I tell applicants simply: "We have received your application and unfortunately it does not meet the qualifications for this property."