Delegating to elevate teammates and partners has been vital in the success of my companies and empowering my team to grow as people and together. 

This way y'all maintain control as GPs and can buy/invest as much of the LP portion as you want or even take 15-20% as your fee for syndicating the deal.

So right now my return shows me taking this full $25k passive loss deduction and only a portion of the standard deduction (keeping taxable income at $0).

My deals were straight forward you want to buy that rental I will finance a portion :) in your IRA no less

But, the owner occupied property is different because you will likely have to use a conventional loan which requires 12 months seasoning (waiting period) to use the new value but of course that 12 month would start from when you buy the property so it will obviously take you some portion of that 12 months to build the house.  

We were recently contacted by a real estate developer who desires to purchase a portion of our land(roughly 13'x210', all along the road).

The billboard would be on a portion of the property that isn't being used but the tenants do have a lease on the whole property. 

They need to be around 60 cents on the dollar ARV.Go to local investor/BP meetups and network with buyers of W.S. properties, these are typically Fix N Flipper's, Local Contractors, or just a buy and hold investor looking for a great deal that they can reno and keep.If you don't want to deal with the dispo portion of it at all, you can network with other investors that focus specifically on the Dispo.

Under IRS Publication 587, you can depreciate this 10% portion of your home over 39 years using the straight-line method.The 100 sq. ft. of exclusive tenant use could be utilized as rental property expenses, accounting for another 10% of your expenses, which would be shown on Schedule E of your tax return.

Meaning 10k turns into 800k by retirement - that is truly powerful stuff.Once you have a good portion in the markets and a healthy savings account then dip your toes into RE!