@Jay Lutz Make sure you have a very detailed, professionally drawn up partnership agreement with at least one or preferably more exit strategies written into it.

I was wondering what choices you have made and how your land journey has unfolded.

Aaron, You should really consult a tax professional. 

first off if you have to buy a system those are not true private money lenders those are HML ers full stop.private money lenders are folks that you meet personally.. at REIA meetings etc.. other professionals that you may encounter in your day to day that would have invest-able cash. many of these professionals will have IRA solo K profit sharing plans and those are your perfect investor. otherwise quit wasting your time and find the nearest HML that are REAL  ( tons of fakes) their rate will be basically the same as private lenders generally speaking

Hello, I'm Sadish living in Greensboro, NC and an IT Professional.

Looking forward to hearing from you and best of luck with your investment journey in Richmond!

If you need any guidance, feel free to connect.How has your journey been so far since your last post?

Welcome John, it's never too late to start your real estate investment journey.

. :-) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I guess you could keep refiling the deed to show change in fractional ownership...Obviously, this requires some serious looking over and structuring from a qualified professional or two, doubly so since it coming out of probate.