I currently work on the investment/finance side of things for a multifamily developer out of Los Angeles and feel I am ready to take the plunge begin to build my personal portfolio.

I'm purchasing and developing a piece of land with residence outside of Portland (in WA)-Cash purchase-Current LLC. in CA-2018 capital gains offset neededWe're (Wife and I) purchasing a SFD, remodeling and living there if we enjoy the area; flipping it if we don't enjoy the climate.Per the 2018 capital gains sold to purchase the property, we need write offs, being a cash purchase we don't have the mortgage interest write offs that would help, (granted we're saving that interest over the 30 cost of the loan which is fortunate so we can't complain).

I want buy the land cash and get a loan to develop upon it.   

I'm still relatively new to being a landlord, so I'm looking for what is customary language in tenant leases.I've recently purchased a property with a tenant and am developing a new lease for that tenant. 

I've developed some great relationships and people I feel have my back. 

This and other info like new housing developments going up can help you keep your finger on the pulse of where the market is and where it's going.

Is it worth the money and is knowledge practical enough to pursue development process?

The web site says http://fortworthtexas.gov/neighborhoods/NEZ/Promote housing, economic development and quality services in Fort Worth central city.So what does this really mean for those of us who have rentals in the area? 

However, there often seems to be a disconnect between seller and purchasing investors.Although many investors know and understand that a prospective investment property must be at least 75%-80% tenanted when utilizing any type of financing for the purchase (esp. hard money).

If you're unsure about being a landlord then don't become one.People are always apprehensive about capital gains taxes but taxes in the US are the lowest in the developed world.