Listen to the podcasts and look into the reference library for additional guidance.

So theoretically, end value could be 3.5-3.9 million end value.I obviously would lean towards the apartment option since it utilizes the value of the lot better. ( I really like how seattle does the FAR ratio system, that way a property becomes more valuable per square foot the larger the lot is).Again, I am totally new at this, so I am wondering if I am getting over my head (well I know I am but wonder if it is worth a shot).

You can certainly make land less valuable, but you'll never do away with it to the center of the earth. :)

I guess the guidance on BP is constantly saying "have multiple exit strategies", so my goal it to truly think of worst case scenario.

All I want in return of my time, energy, and resources is guidance and experience of investing process.

I have no experience in real-estate, if you couldn't already tell, and am hoping someone can offer some guidance in this scenario.Should I build a modular home to sell or rent, or do you think that'd end up costing more than I've already put into it?

for your valuable input!

I would do all the work from start to finish and the other person would simply provide the money and a little guidance if & when needed (so it would be great if he/she has some prior experience flipping).

You're smart to reach out to people on the forum who can give you advice and guidance.

I have found the forums to be the best part about BP, because the members are so willing to assist others, answer questions, and provide guidance when needed.