The difference between FMV and appraised value is what you get back as a charitable deduction.

@Jay HinrichsBTW, guru Jay agrees that it is good time to sell my 4plex in Las Vegas.Terryone of my partners from Honolulu bought 2 or 3 4 plexs's in 2011 that were half destroyed and vacant for about 100k each.. then put 100k into them. and he is selling now also.. for a nice gain.. they were management nightmares though for him so he wants to sell them.. he did though donate them to his charitable foundation.. so not every one is in the financial position he is in.. he also bought about 6 SFRs at the time and killed it in Vegas with those.. 

Hello,My wife and I are thinking about starting a charitable LLC that owns several land tracts in residential areas of our local towns.

Keep looking for deductions but the wisest thing to do is to stop the charitable deductions and use that money to pay your taxes.

Many issues going on, is this a charitable act or investment?

If you are charitably inclined you could look into funding a charitable gift trust.

The 2019 standard deduction is $24k for married filing jointly, and we generally do not have enough in mortgage interest, charitable contributions, etc. to itemize, although we could work on being more strategic with those things.If we purchase a turn key property or other real estate investement, we would be able to deduct business expenses and depreciation. 

In many cases charitable contributions can be tax deductible.

Attend  networking events with your target audience as well as charitable functions and community events.

You could make a large contribution this year or next and enjoy the tax benefits while allowing the investments to grow for charitable giving in the future. - Keeping the brownstone.