If your spouse qualifies for the Real Estate Professional status, then it will cover both of you.

When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

Talk to your insurance provider to see if this qualifies for a claim.

The first phase or about half the lots will be short term gains with the possibility that the second phase may qualify as long term gains.

.- There’s no requirement to go through a qualified intermediary, as with a 1031 exchange.3. 1031 Exchange: A 1031 exchange is also an option but is generally less favorable than a 1033 in involuntary situations.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I have talked to my HML for the property owner to do a 24-36 month Owner Finance for the 20% down to allow me to qualify for a DSCR on a turnkey small multi-family.

The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

I literally do the same thing: I don't waste my time showing someone a house that they're not going to qualify for, if they even show up for the showing.

Happy to discuss the product and see if you qualify.