Any tax implications, etc?  

Tax benefits (depreciation and expenses) - this gives you more money near term by reducing taxes.Of the 4 I listed, 2 are money now, 2 are money later.

"Legacy Wealth + Tax Strategy of 2-30 years" aka which means nothing.

Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.

I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been.

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.

Need help on how to obtain records from 2020 showing his old tax lien was released.

@Anx Carter Your safest bet is to have your CPA/tax professional determine the land value.

You will have to pay up the property taxes.

Your resident state CA will tax all of your income, including out-of-state gain.