For a bird's eye view of end-of-year tax planning, read this old post:https://www.biggerpockets.com/forums/51/topics/1007488-debun...

I've been eyeing land in Central and West Texas, and they occasionally have some interesting opportunities, but some of them seem too good to be true. 

I have eyes on a property that I could get at about 120-130k after speaking with agent.

If you are going to invest in class C I strongly recommend you physically go visit the property and the area with your own two eyes.

That kind of networking plus honest cash-flow analysis can open more doors than simply chasing rumored off-market listings.Interestingly, I recently saw a property here in Phoenix (ARMLS #6757476) that sold for around $450K in October 2021, then resold in December 2024 for $1.8 million.. that’s an eye-popping $1.35 million jump in just three years.

My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.  

Not too shabby for land appreciation.That said, I’d keep an eye on the Elon Effect down southeast.

Basically, be willing to look at your listing through the eyes of your target avatar.

If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.  

We also work with investors in the different markets we operate in to perform tenant placement where we work with ALE Solutions, other relocation companies, medical agencies, etc. to offer properties as a part of our inventory.