I'm approaching this whole project as a big learning opportunity, to develop a skill-set I can use for future projects.I have a lot of fun plans for the garage of this property, which is huge, insulated, and has a bonus room, as well as a good structure for a garage-top deck. 

Thanks for sharing the darker side of the RE game. 

Split the parcel in 3 separate lots and develop them from scratch.

See: transit oriented development

Perhaps when doing your refis, leave some skin in the game, e.g. $10K, if it would yield you $200/month NET for example.

I am looking to connect with builders/developers/construction companies in the San Antonio area.

It’s not worth gaming for the amount it would save.

If your serious about this we want you to come, if nothing else it would be a great support group for staying in the game and hopefully we all motivate each other to achieve our goals. 

My main interest is in multifamily homes, but that's mainly because it's easy to see the rent potential in multiplexes ( I mean, that's what they were built for) and haven't developed the eye to see the potential in single family homes.

To your point, Bob, I will be looking to get involved with the board, particularly with all the new development going on around our location.