So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

They can just be too hard to lease.On the other hand, if the area is doing well economically and its occupancy is currently strong (I certainly want a vacant or near vacant property) I think it's worth considering at least.

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

During this time, I've successfully closed over 100 transactions, and I'm passionate about connecting with fellow real estate enthusiasts and experts.

Your question has been debated between BP tax experts both privately and publicly, for example here: https://www.biggerpockets.com/forums/51/topics/819991-expens...And we ended up where we started: no consensus and no clarity.There have also been court decisions that support my interpretation, even though I personally find these court decisions debatable.

Consider population trends, job growth, and economic stability in these areas.2.

I HIGHLY suggest you connect with a local expert such as @Josh Green.

I'm not a climate or weather expert though. 

Affordable housing is about the housing itself and the economic environment it is created in.

Sorry, I guess it's a little difficult for me to describe since I'm not a financial expert familiar with the terminology.