This criteria would imply that this land is near the grid, flat, and underneath the sun.LandWatchSan Bernandino Desert Land 80 acres Price: $58.8k seller finance at 320/monthTaxes $120/year = 12/monthTotal Monthly Payments 332/monthWeb BrowsingRental income from Renewable sites roughly $750-500/acre annual (62-42 monthly)80 acres at $500 annual = 40,000 annual 3,333 monthlyTotal Monthly Income 3,333/monthTotal Monthly Payments 332/monthTotal Preliminary CashFlow 3,001/monthAnnualized ROI 63%The land posting does not mention a down payment so I assumed 30yr financing at 5.25% to get roughly $320.

Would the owner seller finance you the down payment? 

From my perspective I earn my cut whether that is 50% or whatever is decided by doing those things.

It is going to cut down tremendously on the cost of turning an apartment.Gino

Acquire the land through a seller-financed deal for the deed to the land and use it for collateral to cover the 20% down payment needed for the construction loan. 

Can I still depreciate it until the buyer makes the final mortgage payment?

Step1: get a pre-approval letter from a lender. this pre-approval will tell you how much of a monthly payment you can afford and will give you a purchase price to stay under (60-75 days out)Step2: find a realtor to begin working with. if you don’t know a realtor, ask around!

These homes have an annual COC return of 70% off of the down payment.

Calculate the expected cash flow after accounting for mortgage payments, property taxes, insurance, maintenance, vacancies, property management, and other expenses.

So if you are planning on keeping it, my understanding is that you would only need to live there for 12 months in order to qualify for low down payment loan options if you wanted to purchase another owner occupied property.