You can not just trust a crew to show up every day and do your job on time.

You can see it everyday on this site! 

Many REITs continue to make acquisitions on an ongoing basis.

Mid-quarter convention: This applies if more than 40% of the basis is placed in service in the last quarter, limiting first-year depreciation.This post does not create a CPA-Client relationship.

Hold onto the land then sell myself in a few years or 20+ years and let my kids inherit it, when I die, take step up basis and sell it. 

Increase Your Cost Basis: Document and include the costs of significant improvements made to the property in your cost basis.

There are stated or no income 2nd mortgage loans but typically these are fixed term and fixed payment type second mortgages meaning the interest rate usually doesnt fluctuate like a HELOC or home equity line of credit would fluctuate (prime + margin = annual rate calculated based on a monthly basis). 

Suckers are born every day. 

It’s a long shot, but if I did so I would have a cost basis of around 5.1m and sell for 8.5m.

I investigate new developments every day and it comes pretty easy to me but without knowing the site it is not easy to comment.