Here is some advice from someone who was in a similar situation.Never sell anything until you have added the maximum value and you are disposing of it to an end user (i.e. a homemaker/investor). Alternatively add maximum value and rent it out. Have you ever thought of just why a developer would want to buy it off you?

You can forget positive cashflow when compared with development profits. The profit you can make from one development deal will enable you to buy a premium rental property for millions of dollars with a huge cashflow or better still continue developing.

What you need is advice from an excellent architect (considering cutting them in for say 5%…and watch them become very motivated and creative regarding development density!)

Then use an excellent construction lawyer to draft construction agreements (or if you lack confidence joint venture documentation) to be tendered to large bonded construction companies.

Any bank will jump on a well strucured high density scheme, especially with your equity and well respected professionals and builders on board.

This is your chance to enter the fast track.