Here's the beginning of a long and (hopefully) fruitful journey.

This will help narrow your Buy box and make your efforts more fruitful.  

And none of them had been fruitful.

Plus, since they can cut and paint to size, shipping costs is less, and they stock way less material on hand.Imported treated pine lumber is astronomical since their pines trees were wiped out by the pine beetle and they also don't have a coating/impregnation process for the raw timber.

Whether you’re looking for off-grid living, investment property, or future development, land sales in this area can be a lucrative option.Types of Land: Fairbanks has a variety of land types available, from raw, undeveloped lots to partially improved properties with utilities like electricity or water access.

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

I want to slow my life down a bit and enjoy the fruits of my labors (I had cancer a few years ago and I acknowledge my time to enjoy life is finite).It occurred to me that I should just cash-out refinance my properties that are fully stabilized and that have significant equity, but that can also easily support the new debt incurred. 

I never looked at the raw land offerings.  

However, if you are looking to grow your money or make income from raw land it is very difficult to do so.