Makes sense.....vacant land usually takes a Lot longer to sell.....as opposed to a sfr in a strong market. 

Who the trustee is is left entirely to the beneficiary, my understanding without reading the code is that a trustee can be anybody 18 or over, including the beneficiary.I view a deed of trust much the same as a land trust, or estate planning trust, inasmuch as the interaction between the trustor, trustee and beneficiary is considered. 

They would have to relocate the home off the land, it's not a mobile home its a SFR 2/1.

So when setting up an AP plan to limit liability like most talk about on BP its with LLCs and land trusts etc, the objective cannot be to avoid taxes.

It's in ROUGH shape.. unsure if it can be saved, but I would like to attempt to save it and/or have it restored to it's original glory. 

Mobile homes can be tougher because most buyers won't pay a premium to live in them because they are "pretty"  Also if they are in prime locations IE Huntington Beach, Bay area, LA etc. they can often have land leases that are upwards of $2,000 per month which really raises holding costs

Has Anyone Raised Capital using Land Trusts & Assignment of Beneficial Interest ?

-join to a group of people that buy a land building a brand new triplex or duplex or what ever, and sale it with some profit.For example: 100k$ project,i invest 50k$, and at the end of the sale i will get 50% from the net profit.From what things i need to be aware in this two ways of investing?

If you already have a place there, wait it out, drop your price, or sell on land contract or something similar.

Are there any investors that buy land in Chicago and/or northwest Indiana?