Basically wanting to pay two years of Real Estate taxes in 2025 and deduct on 2025 Return when filed in 2026.

.——————————————————————————————————🎄 Enchant Christmas Returns to Las Vegas!

Or if you want to swap higher returns for lower maintenance you can look in to FIG (fourplex investment group_.

Also -without an in service rental, you have no schedule on your tax return on which to deduct those expenses. 

Spend some time considering how the repairs will get you a return on investment.

Every market in residential zoning has an expiration date, we just don't know what it is yet.The obvious solution is to buy in already regulated areas with tourist/commercial zoning.The returns are lower, but at least they can't go to zero overnight.

The net cost of the turns is what really matters to your return on investment.  

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

$500k would be enough to go out and buy something else leveraged that would potentially get you a better return.