- What are some hidden costs associated with purchasing unimproved land, such as property taxes, closing costs, or financing fees?

Tax Returns, Income, etc...Cheers!

As others have said watch out for property taxes and home insurance too. 

(November)Would be welcome news if it comes to pass, especially for SDIRA investors who are taking RMD’s and will have a tax burden after the first of the year. 

That being said, I'm looking for virtual assistants to vet lists and do some other small administrative tasks and perhaps eventually start cold calling.

Property taxes, HOA, amenities the condo offers, neighborhood, upgrades, etc...There are some great submarkets around Dallas too for SFHI am a local Realtor, reach out if you have questions or need assistance finding anything. 

For the purposes of property tax, they change formulas starting 4+ units to commercial models. 

(So if the deal fell through I would have time to list 3 other properties I might buy.)Good luck. 1031’s are an insane tax advantage and Dave is very good at what he does. 

Also, for a general partnership, how do we report the taxes.

As long as you purchase at least as much as your net sale and use all of whatever proceeds are generated, you will defer all tax.