Seller understands the house must go in order for the land to be worth anything).

But I also understand some people don’t really care about the cash flow as much as the security of not having to worry about a vacancy or whatever.

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

I cannot understand why its so expensive.I've worked in real estate for years. 

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

Quote from @Sami Gren: I don't quite understand the question.

If both houses were sold in 2024 then the loss will negate the profit from my understanding.

If the project is in Canada then I would look to an attorney that understands international law as it could be more complex.Personally for something along the lines of what you are doing I would look to partner with another developer vs trying to raise the capital as that will be less labor intensive.

If not, I completely understand.