From there you can see how your investing can have the best tax advantages as you progress.

Echoing Dave, your best bet is to approach people off-market; many owners of such land might not realize what they have.

You could bet on less established destinations but it's much more speculative.

And just like there are bad investors, bad Realtors, bad lenders and bad carpenters, there are bad appraisers.I'm betting this will not be the last comment in this thread, but to those who may follow, are you speaking from a standpoint of ego or indepth experience in doing appraisals and knowing what and when an appraiser wants it?

Your best bet if you want to go there a lot is to either find one you can fractionalize with friends or find one just a little farther out, with less regulations, to buy and then short-term yourself.

So i would say your best bet is discover and make sure it graduates!

This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.

Perhaps you could look in some of the surrounding towns of the ones you listed and could find a property at a lower price but path of progress could be moving there.

But I would not say I hit the ground running: I was very excited, yes, but the first years progress was very slow.

Begin with lesser initiatives to obtain expertise and build a track record, then progressively scale them up.