Another question I wanted to check was the duplex is on a huge stretch of land almost totaling 1 acre.

Hi All,Im looking to buy my first STR in the pocono area (around Albrightsville, Lake Harmony) if anyone has experience recently buying in that area and can point out some markets that are STR friednly that would be awesome.... if anyone has successfully purcahsed land and built on it as well i would love to connect and see how that process was.. 

Land is still cheaper here than other parts of CA ( I.e. rising tide raises all ships type of philosophy).

I've read that a 2-3% annual increase is common and would probably land there once I get closer to market rates, but I'm so far below those right now that I'd never close the gap with that.

Two related articleshttps://www.federaltitle.com/a...https://www.bbc.com/news/world...Took almost 4 months for the wealthy to get their land back without having to buy it back…https://www.washingtonpost.com...

If i buy land and start building 12 months after i perchase the land and sell land with new property  for a profit do i pay long term capital gains or short term ? 

Many capex items are less than the $2,500 de minimis safe harbor and can go below NOI on the P&L (and get fully deducted on your tax return but not included in the property NOI for performance or lending purposes).Hope this helps.

I always tell my wife "all I need is land" just messing around to bother her, but now it's time to make that statement a reality!

I was hoping assigning land value for depreciation would be simple as using the county's assessment; but the property tax assessment I received was not what I was expecting at all.Land value: 620KImprovements: 120KTotal: 800KTo be honest, when I was running my numbers, I estimated not being able to depreciate 50% land value; and I thought I was being conservative.

Home sellers have the upper hand in this market, I believe your best approach is to consistently put in offers and see if one lands.