My best bet is to find a distressed property in a good area and renovate it.

Next bet for you would be partnering with someone (you contribute to the DP) who does have some of basic qualifications a lender looks for or a co-signer.

After all my research i found a local bank that is offering me up to 30 year amortization commercial loan at an adjustable rate interest that changes every 5 years, starting at 4.2%.

I’m not trying to get into debt Vs leverage here as I myself leverage but it could be a “safe bet.”

I bet a lot if investors would like to have your problems.While it is nice to reduce taxes, paying taxes means you’re making money.Investing has to take our personality and risk tolerance into consideration.

But do you think its a good time to eye on vacant land and acquire it or you think price of land will remain same adjusting to inflation in next year or so?

I bet would be the 1st RE/Comedy book ever written.

Your best bet is what Nathan mentioned about Meetups for finding a group of like-minded individuals. 

@Rick Reeder I agree with @Cameron Tope I think this proposal will see significant push back and if it is adjusted then CPAs, attorneys, asset managers, and real estate investors will have to explore other avenues to delay or mitigate that tax impact.  

@Jennifer M.I ended up working with a Mexican architect, She helped me to lay out the floor plans and then I gave the blueprints to my contractor and he made some adjustments and I am in the middle of the remodel process.