What is the tax treatment with respect to reporting, depreciaiton, etc.

And, consider the very nature of what any "investor" is in the business wants, a selling price that wrenches out every possible dime.

You want a termite company to come back and certify no current activity and set up a treatment plan to pass on.

It's just part of human nature, especially with college kids. 

I recommend talking to your CPA, but it's my understanding that as long as it's not a cruise, education of this nature is a write off, regardless of the country :) Again, I highly recommend talking to your CPA to confirm how to go about this! 

If you are flipping a lot of homes you could be considered a dealer and not be eligible for any capital gains treatment.

That's just the nature of this business.

I think it is more of a 20 year development plan, so cash flow now and let your investments grow naturally over time. 

LLC has more tax treatment options (taxed as a sub S) and better protection than a land trust, if managed correctly.

I feel like the medium of evaluation is on a seller's case by case basis, and the agent always feeling a need to have their own input to their own financial gains has deviated from the nature of business.