Normally around 25% downpayment.

The UP is a pretty far away place though for most people so we don't have representation for a lot of things you'd normally find in most places.

Many sellers will not accept this since they are in second position, and it is very risky since if you default (higher probability for investors with no money and/or no skin in the game), they will most likely be wiped out during a foreclosure.

Unfortunately most lack the balance sheet to obtain favorable financing, can't afford to put any skin in the game and fail to make a compelling reason for why the investment makes sense or to justify the structure they are seeking.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

It’s normal to feel overwhelmed at first, but just take it one step at a time.

Second, they are tax advantaged just like normal real estate with annual depreciation.

9) No tenant after 4 weeks: During Nov-Jan this is normal!

We then use this to compare actuals to throughout the year and normally do a reforecast at the end of Q1 as thing evolve and change. 

My understanding is the cost goes from roughly $1,200 for a normal 1031 to about $5-8K for a reverse 1031.