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.  

Currently, I live here in West Dallas (75212) in an unfinished neighborhood of tract homes.

This tract would be a long term hold, and a cattle lease in the mean time!

Personally I went after land owners with large tracts of land and put a marketing or lease option contract on the property with rolling options.

She and her husband Mark, a Marine veteran and firearms instructor, earned a combined income of about $100,000.But when they sought to buy a home, the most affordable they found was a small $550,000 tract house in Yorba Linda, the price reduced because it had been the scene of a double homicide.

Carnivors have very short digestive tracts, so rotting flesh can be easily expelled.

But its still work you still have to deal with tenants turn overs ... other things like that.. the most passive I see with folks that have some serious liquidity already IE been high w2 folks is notes.. those can be truly passive done right.. for the big hits  land development in path of progress is killer but risk/reward is the mantra there.2018 for us should be a nice year  probably close to 30 million in new home sales a few larger tracts bought and either flipped to lennar or Horton 150 to 200 lot tracks.. and our note business is in full maturity.. and it only took me 40 years to do all this... so all you youngsters out there have some patience.. 10 to 20k is nice but its not retirement when you start really living the investor life.. at least for me.