In the tricky world of real estate development it is best to make the best call given the info you’ve got, and try not to look back with the benefit of hindsight. Always, there is some item that comes up that is sort of like ‘had I known x I would have done y differently’. In this instance, I have a house and I have been wanting to build on it for years. However, there was always an issue or something came up and it got pushed back over and over. The carrying cost on this land has been enormous and it is now vacant and ready to go. The first call is to proceed to demo, and then subdivision. I will start the wheels in motion on that and see where the process leads.
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