So a move from House rental to raw land is fine as long as your intent is to hold that land and use for investment - as a ranch, hip or glam camp, hunting/fishing retreat, farm land, or just land you want to hold because it will increase in value as it is in the path of progress.Generating income is not a statutory requirement. 

It depends how much the raw land.

Bought some raw land with 2 partners.

Purchase price: $100,000 Cash invested: $20,000 100 acres raw land, 2 gold mines and awsome views.

Purchase price: $4,500 Cash invested: $4,500 40 acres raw land outside of Winnemucca What made you interested in investing in this type of deal?

Purchase price: $110,000 Cash invested: $60,000 Sale price: $325,000 16 acres raw land with views What made you interested in investing in this type of deal?

Select a property or two to sell off raw - take the Uncle Sam lumps on the chin.Part CIf we end up with windfall, how do people invest w/minimal tax obligation beyond say a Muni mutual fund?

The amounts are raw dollar depreciation and need to be multiplied by your tax bracket to estimate the savings.

About a year ago I acquired some raw land in a Florida subdivisions via tax liens.

I'd recommend putting 110% of your efforts into finding a deal, probably raw land.As a new investor, you're not going to be able to take down a development BUT you can very easily find someone to take it down for you if you bring them the deal.