If it's that good of a plot sell it to a bank but if you want to develop I'd do a mixed use and keep it and entitle the site if the land is free and clear just get the plans and designs together. 

Plan for every possible exit scenario, including you both never wanting to speak with each other again. 

He has a good job lined up but won’t get the offer letter until May.This is a 20+ year veteran with plenty of savings and a solid financial plan. 

I plan on doing a neutral paint color like beige on all the walls, white trim & ceilings, and LVT everywhere on the main floor (except the living room).

My plan is to build passive income over the next ten years by scaling a real estate portfolio that I can manage once retired.

That's essentially my plan. 

retirement plan?

It sounds like you have a solid plan, and already have some experience under your belt.

Currently, I don’t have secured funding, and my plan is to explore options like partnering with a partner and seeking assistance from a hard money lender.

Summary: 7 loans outstanding: 4 in foreclosure, 1 in default - trying to develop a plan before I begin foreclosing, 1 current, but has needed multiple payoff extensions, 1 current with no issues.