There is a special kind of exchange that allows you to control a lot while a building is built on it and then you exchange for both. 

I an thinking of buying my first rental property but wanted to know if it's better to open an LLP or LLC. What are the pros and cons and how to get started 

There's acreage limitations to preserve the zoning situation that I'm in, and if I go below 5 acres then I can only be single family residential. that doesn't mean I need the land for any other reason than to preserve zoning.

In fact, all IRA's are governed by such rules, but when your investments are within the very narrow box offered by a conventional Wall St. brokerage, you typically do not need to know most of the rules that apply once you take more control and invest more broadly.An IRA may be used as a down payment for a house the IRA intends to hold over the long term. 

I am not an attorney but I would write something likeIf event X happens then buyer and seller agree to YIf  event X does not happen then contract is void and of no further effectThis might not be a valid contract as it depends on another factor happening which neither of you have control.

He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.

The U.S. subsidiaries of three of the Big-5 Canadian banks (TD, RBC, BMO) will lend to Canadians based upon your credit history and financial resources here at home (with some limitations/restrictions).  

Your objective at this point is to get the asset under your control using private funding.

Is there some sort of limition on this method?

.*** Marketing analysts can figure out the trend of the economy performance and predicate the impact on the price of almost every and any thing that are offer to be sold or bought on today market included and not limited to REAL ESTATE PROPERTIES PRICES.Buyers:Inform your buyers what a higher interest rate means: Mr.