Inheriting 3 lots zoned for commercial with cousin in LLC
​My cousin and I are inheriting land purchased in an llc. The members of the llc are my father and aunt. There are three lots and they want to divide it up and dissolve the llc.
My father owns a greater equity of the lots, but my aunt pays half the taxes (which are more than her equity stake).

One lot has a farmer on it, the second has trees (to be logged), and the third is a roadside lot (possible house or farm?)

Unfortunately the farmer’s rent barely pays the holding costs.

This property is in rural N. Carolina and I live in New York. My father is telling me to just pay the holding costs and keep it. I would only keep it if I could find a way for it to become an income source.

Which of the 3 lots would you claim?

How should I work this out with my cousin?

How can I make this a real income property?

How can I value it out?

What would YOU do?

It is on the outskirts Elizabeth City, NC and zoned for agriculture, and i guess residential. I don’t have a physical address, but I have the MAP number, RECORD number, and ACCOUNT number from the Tax statement 

[{"id": "dtfjthz", "text": "my opinion is that there is not that much residual income to gain from the property. I would definitely reach out to a real estate attorney to go over this and see how much it would cost for him/her to help you, but most importantly they'll give you a little insight as to what you need to focus on and look out for. if you want an idea of value you may want to get an appraiser. that costs money. what you should definitely do is have a couple different brokers in the area give you an opinion of value. they'll do that for free in hopes you list it with them. How can you make income? - if it's only agricultural you can't expect to get anything beside that. hope this helps and i can help more if youd like ", "replies": [{"id": "dtjtkh2", "text": "Thanks, if I were to sell or lease it to a farmer how do i go about it? All i can think of is designing and building the structures and listing it on loopnet? i have a background in engineering and construction.", "replies": [{"id": "dtl5b0p", "text": "i think the challenge is that you're not there, because if you were id suggest to reach out to your surrounding proeprty owners who are leasing to see what they're getting. i imagine there's not too much variance in the rates, but it shouldn't be too difficult finding out the fair market rate if you do some research. if you want to give me the address i can take a look at it, but if you want to design/build, how much can you make in rent? so if it actually is in a decent location, see what the surrounding similar properties to what you imagine building are going for...then see if it's worth making the investment. i think what you may realize is that there's not enough of an income stream to warrant all that time/risk/money/effort....if single family home development is approaching in the next five years, you may be able to sell it at a much higher price to a developer/homebuilder. if it's not in a 5 year path of growth, it probably won't be worth much more than it is now outside of typical inflation...let me know the details and i can help you out better...it makes a big difference if it's 5, 15 or 50 acres etc also location...", "replies": [{"id": "dtl99zp", "text": "I need to get the exact dimensions and lots of the property. They left me with limited information. I will let you know soon", "replies": [{"id": "dtla5qp", "text": "sounds good thanks ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]