Thank you for the information. I have been dreaming of buying land in a bordering state for years now. Trying to convince a buddy to go 50/50 on something for camping/shooting.
If you do go that route (and many people do), make sure to draw up a legal contract to determine what happens if someone wants out or can't pay. Things like making sure you get the right of first refusal for their half should they want to sell or bow out, how to go about finding another partner should they not be able to pay, how to handle a potential bankruptcy, etc. are all important when going in on a property with someone else. Most of the multi-party land ownerships that I've seen are set up as LLCs or LLPs to protect all investors should things go sideways.