If it came before the counsel, we'd be able to argue with a pretty strong case based on the dual-use of almost the entire neighborhood.

If you sell a property, capital gains tax applies based on each partner’s ownership share, and a standard 1031 exchange won’t work if proceeds are split, as the exchange requires continuity of ownership in a like-kind investment.One strategy is a drop-and-swap, where the LLC distributes the property to partners as tenants-in-common (TIC) before the sale, allowing each to complete a separate 1031 exchange.

I was living abroad buying/selling real estate mostly land, and some land with structures.

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

Usually they are city or region based in your state.

Some builders will purchase the land for you, some will want you to purchase the land. 

Cash flow is difficult here in California, and so I'm looking for opportunities that have strong appreciation and long-term growth opportunities with strong tenant bases to complement my long-term investment strategy.I appreciate any insight and stories.

If you do decide on MN, did a similar analysis as you a few months back in St Paul with rent-to-price ratios based on median price and median rents for each neighborhood in St Paul.

I sent my first builder deposit for a home in Lehigh acres Florida in Sept of 2022 and the land is still vacant.  

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.