@Shawn Smith we've got several clients from Toronto and also Vancouver.So, we've got referrals for experienced tax attorneys, CPA's, etc. for Canadians and foreigner investors in general.What are you purchase criteria?

You will also have a credit on statement for pro-rated taxes due to buyer.  

Proc. 2018-58 -SECTION 17.02(1)'s provision that "However, in no event may a postponement period extend beyond: (a) the due date (including extensions) of the taxpayer’s tax return for the year of the transfer."3.

The tricky part of illinois can be the property taxes. 

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

You'll have your standard recording fees and mortgage tax, etc. 

why would a tax bill wipe out your equity at 60% loan to value?

Many lenders won't finance these sorts of construction due to the 2nd reason.

Yes you can but it depends on the lender some lenders do not allow due to overlays and in house restrictions. 

Seems like the few people I talked to that are selling land in Florida are trying to sell it above retail without understanding that most of their potential buyers are going to be builders. do Not buy land in FLA without doing full due diligence  on all aspects . there are environmental gotchas that you need to fully suss out prior to waiving due diligence