You guys seem to be right on........here's a little different question: I am selling a small tract off of the farm on which I have lived continuously for the last 35 years, the acreage that I am selling will bring substantially more than I paid for the entire farm and house when I purchased it 35 years ago.

Please call me at (678)234-9107 if it does't violate BP rules.If I read you right, I can "target" land to buy that I could then sell TDRs to get additional money to acquire more properties, and "hold out" portions of acquired tracts for my own use?

In addition, there are several tracts in Pittsburgh, that were never fully subdivided.

It basically depends on your income and the census tract the property is located in.

Warehouses tend to be near populated areas for distribution, so tenant/owner possibilities may be limited.Ten miles out is not so far away for a subdivision, 40 acres might get you 12 or 13 3 acre tracts, depends if sewer is there or you need to have septic.

@David Krulac The 3 acres we are talking about is actually a part a 9.8 acre tract that has been divided from the other 13 acres.

I have the a beautiful 30 acre tract with a 10 acre lake in the middle under contract. 

It also affects which schools you tract to. 

About 10% of all census tract are QO Zones so this is a pretty wide swath of the nation.Benefits to the Investor:Deferral of the capital gain income invested until the earlier of the date the fund is sold or 12/31/202610% Basis step up in year 55% Basis step up in year 7After holding for 10 years, Basis = FMV and no gain is recognized on sale.There is still a lot that needs to shake out between here and there; but, (as of now) the only way to preserve the option of the deferral is to get funds invested into a QO Fund within 180 days.Hopefully your tax people are on the spot with this; but, it's so new, cut them some slack if they aren't. 

One thing that is a testament to though is the lack of buildable land in the Portland Market and how fractionalized the ownerships are.. hard to get any real velocity when there are no large ( or very few) large tracts that can be developed in that market.