It's not that complicated.

We have found that a lot of new investors simply do not know what to look for and when to look for it in terms of due diligence, deal analysis, and the various complications that inevitably come up along the way of a full-cycle real estate investment.

Complicating this issue is the need to do a 10-31 due to stepped up value/capital gains tax on half of the land.  

Consider working with contractors or renovation specialists to obtain accurate cost estimates and assess the feasibility of your renovation plans within your budget constraints.Risk Mitigation: Keep in mind that renovations come with risks, including cost overruns, project delays, and unforeseen complications.

At least up here, service is VERY important and VERY complicated, so you and/or your attorney need to make sure that you cover all the bases. 

They try to make it seem like it's more complicated than it actually is. 

If the solar panel is financed, this could also complicate the transaction.

Many make it more complicated.

Your math is off, it's much more complicated then that, but the idea described by @Dave Foster can basically accomplish what you want.

Some countries have tax treaties with the US and you can simply use the US tax law, others are more complicated.