Yes that's real estate.Now if he only owns the equipment and leases the land he still may be able to 1031 depending on how he owns the rights to the minerals.  

Rent is still due on the 1st, late fee on the 5th, eviction starts on the 10th.Wife of 20 years left you for a pot-smoking, unemployed 21-year-old neighbor living in his parents basement (true story, not mine)? Rent

. ;-)  How do mineral rights and water rights work in all of this?

Kevin,A friend of mine rents in a big highrise right on the lake with a full view of the city skyline.

If the Miami-Dade property is anything other than a single-family dwelling, the tax rate is $.60 plus $.45 surtax per $100 of consideration (or portion thereof).Examples of documents that may transfer an interest in real property include:• Warranty deeds• Quit claim deeds• Contracts for timber, gas, oil, or mineral rights• Easements• Contracts or agreements for deed• Assignments of contract or agreement for deed• Assignments of leasehold interest• Assignments of beneficial interest in a trust• Deeds in lieu of foreclosureConsideration generally includes, but is not limited to:• Money paid or to be paid• Discharge of an obligation• Mortgage or other lien encumbering the property• Exchange of property• Any other consideration which has valueWhen the consideration for real property includes property other than money, the consideration is presumed to be equal to the fair market value of the real property.Tax is due on the total consideration for the transfer regardless of the consideration shown on the face of the deed or other document that transfers the property.

TX uses title insurance to perfect your equitable interest, according to my attorney in DFW and mineral rights are not conveyed with title unless specifically mentioned, there, mineral rights are transferred separate from title.  

I'm looking to get started investing in Fort Worth, Weatherford, Mineral Wells and I'm wondering what a good deal looks like. it seems that almost everything i see or hear about is over priced and investors are buying these deals.

Minerals will convey.

Have they leased mineral acres in your area?

A friend of mine rents to recent people released from jail, they have a parole officer that checks to make sure they are on track and rent is paid on their behalf from a state program.