Starting to see the light, but this deal would be my first deal focusing on equity gain and appreciation. 

I’m here to learn as much as I can from this community, connect with like-minded people, and gain insights into smart investing strategies.Looking forward to networking and soaking up knowledge from all of you.

The property is in a solid area where Neighborhood Scout puts it at the highest rating for appreciation, predicting 40% appreciation over the next 3 years, and we'd look to refi or do a HELOC in 3-5 years to realize that gain, and I'd probably buy them out with my portion at that time.

Factor in capital gains tax (unless using a 1031 exchange) and depreciation recapture, which can reduce your net profit.

However, once converted to personal use, you can no longer claim depreciation, and the accumulated depreciation will reduce your adjusted basis, increasing your potential taxable gain upon sale.

We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability). 

That’s fine but how big is the gain?

You will gain a lot with this group of investors!

If they are pre forecloure/foreclosure, probate, or lists that require fast access to the lead to gain an advantage how new is the list and are the leads already on the prominant platforms like Propstream and Propwire?

Because there have been such significant gains in the markets this year (unless you are a bond investor😬) fund/asset managers and stock traders will likely do some portfolio rebalancing in January, selling winners, and locking in tremendous 2024 gains.