Re: creative strategies, one of them is a Master Lease.

Prices have dropped hard with the recession because it is recreational.

I use the sign nailing task for recreation and excercise as well.

We often find great deals on undeveloped land such as farms timber and recreational land.

Also Albert Lowry had some great ideas, as did Robert Allen.On of the best books on RE Creative Solutions is by James Misko.

Close to amenities, parks, recreation, shopping

It is much more difficult to recreate all that after the fact.

However, I'll be setting comps low by buying these on the cheap and making the rest of the units non-warrantable, so I don't think they can ever achieve full value as condos without perhaps dissolving and recreating it or whatever takes place in an initial condo-conversion that allows them to be warrantable.  

Managed and operated by the nonprofit Shelby Farms Park Conservancy, the trail is an incredible community asset that provides new opportunities for recreation, exercise, togetherness, healthy activity, commuting and more.                                          

Some states require active trustees, so that adds another layer of complication, the ones that don’t may consider a merger of equitable and legal title, which can impact your asset protection, even with an LLC trustee.Just the lack of familiarity with trusts as opposed to LLCs will scare away some sellers or end buyers and they also do often have a reputation of being associated with concerns of fraud (especially overseas trusts), but again, in some states, like FL, I think it is pretty common, so less of an issue.Also, this is a minor point, but since you don’t file anything with the state or county in most instances with a trust, if you can’t find anything in the future, I can’t tell you how many times we have had to recreate 50 year old trust documents for twice the expense as opposed to pulling a certificate of formation from the clerk’s website in 2 minutes.