While not mandatory, a specialized accountant can reduce errors and provide significant tax-saving strategies tailored to your situation.This post does not create a CPA-Client relationship.

Our Underwrite takes 24-48 Hours, if we are provided with clean and correct documents.

Assuming all of the information you provided is in line.i.e.

If you work 40 - 50 hours a week in a full-time W-2 job I'm not sure how this would create a conflict with claiming that you meet the 500-hour material participation rule provided you are completing the hours that count toward material participation. 

This approach helps manage costs while providing predictability for tenants.Thanks @Julia Lyrberg!

I do NOT have enough knowledge or experience in this arena to provide specific “how to” accomplish this, or even to provide specific”proof” of my position.  

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

Based on what my attorney provided, the plots aren't worth a ton of money, but since I haven't done a land deal I'm not sure if the actual sale price differs from what she got me.

Thank you for taking the time to provide the details and the pro forma #'s. 

Then seller didn't have a clear marketable title and the ability to sell the property.So it really depends what the liens are.