I have 10 years of construction experience and my partner does as well.

Selling off part of the land could free up some cash without losing the whole property.

In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

the lis pendens was dated feb 25th. im purchasing this from a wholesaler who stated the transaction will result in clear and free title.

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

But it seems like 'nothing' comes for free.  

Would love to hear from the community on their thoughts or experiences.  

Feel free to reach out!  

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