if you buy a random property on Zillow and turn it over to people you have never met, you will very likely lose money, get frustrated, and set yourself back.if you're serious i'd pick a market and plan on making several trips there. 

Have you searched your county site to identify those that have bought land in your area the past few years and then contacted them?

I am in the Charlotte market and surrounding, and I do everything from luxury $950k-$2MM to starter homes from $250k to $300k and townhome sites.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

Ask away. you have found a treasure site and if you follow much of the information here eventually, you will be prosperous. 

You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.I'm also 25, and it's great to see other young guys getting started and building wealth. 

I’ve watched investors lose momentum by sticking to a single city’s slower regulations when a neighboring municipality was more open to new builds.

Used to keep small loses into becoming lawsuits.Normally offered up to $5,000 but check to see if higher limits are available.7.

Very new to creative financing, looked at DSCR loans last year but don't know how to check on the lender for reviews or scams. I can search it but same deal, the search engines don't evaluate the results. Thanks for a...

Who wins and who loses?