However, if you elect to go this route, just make sure you've analyzed your portfolio with your insurance agent to make sure you can afford these deductibles when it becomes absolutely necessary to pay them.I hope you find this useful. 

You can consider the medium term route as a possbility as well so you can still occupy it for a few weeks a year.  

Holding properties in an LLC (or other legal entity) can offer valuable protection for your personal assets, so I understand why you went that route.

If you go this route you better find a way to set yourself apart.

If you're looking for the cheapest route, conventional may be a better bet.

If you plan on going the hard money route, most lenders will require an experienced, licensed GC to complete the rehab portion.Do you have the option to bring on an experienced partner for your first that can show you the ropes?

. - but when it comes to purchasing the land, I am not sure what the best route would be.

Seems like that is the route this is taking.

Still not 100% on the route we'll take on our fist project together, but I like to know as much as I can regarding all of my options so I can make an educated decision. 

I think maybe the regular standard mileage deduction might be my route then.