Basically trying to get the most tax benefits and protection as possible.

Seller financing does not always sell for more money and if there are big price declines then you may end up having to forecloseMy recommendation is to sell it with borrower getting traditional financing and put that $ in a tax friendlier account than loan interest = ordinary income rates

I live abroad in Bermuda and I'm currently unable to buy property there due to restrictions and transaction taxes.

Tax deductible improvements such as drainage tile, terracing, irrigation can significantly improve the productivity and the value of the land.

It’s in California and the tax basis is quite low.  

If you have rental income, do you already have your 2023 taxes filed? 

I know the question doesn't involve tax bracket, age etc. 

If I did not report expense for my 2023 tax, how would I write off my huge expense (~20K) for my future profit then?

That said, we have seen the following work:An attorney prepares a land trust (intervivos revocable trust) for the subject property and after the deed into trust is recorded, the trustee (the seller) will quit their trustee position, and the beneficiaries (usually the seller) name a new trustee (the buyer) and transfer their beneficial interest to the buyer.By using the trust, one legally avoids the due-on-sale clause. 

Based on the advice on taxes though, we could change our decisionAppreciate the help.Out of the two opinions below, which one is correct?