I am learning a lot about real estate and want to purchase a rental property in my area.

My first purchase btw. 

Purchase price: $225,000 Cash invested: $40,000 Sale price: $375,000 Bought a large 4 bedroom pool home and flipped

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

I currently live in Phoenix, AZ but I'm looking to purchase land and put two prefab homes on it with my business partner.

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

Quote from @Srikanth Kumar: Hi Everyone,I’m relatively new to long-distance investing and am exploring the purchase of multifamily properties in Cleveland.

My wife and I purchased a home at the very beginning of 2022 and "house-hacked."

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

@Mike ReynoldsSeller financing is allowable for Solo 401k purchases.