Does this make sense (I know it's a lot to digest)?

For example, I set up a syndicate to purchase a 21 + acre tract of land located in a major mixed use development with the intention of holding 3-8 years until we were one of the last sites to be developed.  

Just wanted to thank everyone who contributed to this thread, some really good points, I'll be reading this over a few times this month to digest :)   #GoodStuff

Most all laundry vendors will record a memorandum of lease and not the lease as it contains too much information for public digestion. 

Sometimes I wonder, if this is just a "generic" 80s built tract house, would demo and new construction be cheaper?  

That said, I still prefer solid old-school custom-built construction over modern tract-shacks.

See what you can digest, your lender will appreciate that.Prefer to have a business to put into the location. 

Qualified use refers to real estate held for investment.Now here's the exception - if part of that farmland is the tract of land you live on then you actually own two properties. 

I also bought quite a few 20 40 80 acre tracts and would bust them up as well.. it was pretty cool because in Oregon logging permits are a snap.. you dont need any county grading permits to bust in your logging roads so say I had a 20 acre that I was going to short plat into 4 5s we would put the road in the logical spot for each parcel future access and then put a few landings in the logical spot for the homesites all under logging permits saved THOUSANDS .. then sell off the lots..

@William Hochstedler took me a while to digest and research.