@Elliot Rudmann and @Chris Wilburn - Just an FYIThe home possible is 5% down with no UMIP and PMI is about $50/mo for every $100k you finance and is only available in certain census tracsThis program is 3% down with no UMIP or PMI and it looks like it has similar census tracts as the home possible, but it can only be on legal 2 units and a max loan of $453k

There are many census tracts (sections of land) that don't have any income requirements. 

I've been in contact with a seller who has an acreage tract with a newer manufactured home that has been tied to the property. 

I am an agent myself and I need a second opinion on a CMA valuation for a 15000sqft tract.

Confirmed with the neighbors that the other models (tract homes built in late '70s) were 4 bedroom.

Created as part of the 2017 federal tax reform package (Tax Cuts and Jobs Act), the program affords Governor Sandoval the ability to nominate up to 61 census tracts in Nevada to be part of an "Opportunity Zone."

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

“Large” tracts in or near Raleigh is a relative term.

Investing in Opportunity Zones through qualified Opportunity Funds (QOF)is very interesting to me and the qualified census tracts in my market appear to be poised for growth based on several factors.

If I rent it out, 3 bedroom 2.5 bath I can get around $1500 a month or a little more.The property I currently am considering is a 2 acre tract, has a 3 bed 2 bath home thats right around 1000 sq ft.