Strengthen due diligence with thorough tenant screening and independent verification.

I didn’t have the funds readily available due to other projects, but because of the trust we built, he offered me a seller financing deal, allowing me to purchase the property without putting my own cash down.

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

Part of it is due to a personal family issue, but part of it is due to the high prices and rates.

And still defers all the tax and depreciation recapture in the 1031 exchange.

Not only will you lose your property tax exemption, but you may need to secure LTR tenants.

They’re often motivated to sell before construction begins due to noise, traffic, or potential rezoning.

The low income versus high cost of living is referred to locally as the sunshine tax. https://www.businessinsider.com/most-expensive-places-to-liv...https://www.census.gov/quickfacts/fact/table/sandiegocitycal...It is my view that the incomes cannot sustain the high cost of housing in San Diego but it has seemed this way to me for four decades and yet the RE prices keep increasing.  

And their tax advantages go away when you decide to quit and spend the money.

Quote from @Virginia VanOeveren: To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties.