If you were going to put 20 units on 2 acres there would have to be another method of dealing with the waste.Also, drilling a well for that much use may trigger some water usage regulation concerning the water table.

If you remove yourself from the deed without the mortgagee's (lender) consent you may trigger the "Due On Sale" clause which essentially will call the entire mortgage due.You need the mortgagee (lender) to remove you from the mortgage formally and then you can remove yourself from the deed after or simultaneously.

The issue is, technically when you transfer the property to LLC it can trigger the DOS clause and the lender could call the mortgage due.

Any option triggers the DOS as well and any lease term of more than three years.

An option does trigger the due on sale clause.

If you take title subject to the mortgage and it's not assumable then you run the risk of triggering the Due on Sale Clause in the mortgage and having the remaining balance due and payable on demand.Sounds like she had one of World Savings famous "pick a payment" mortgage which was cloned by a few other banks and now owned by Wells Fargo.

Hi, I've been reading and studying R.E. investing for some years now and I'm having a hard time pulling that trigger and getting that first wholesale deal under my belt.

Screen tenants harshly and good luck.Make sure you keep investing wisely.

Tax planning involves some thinking prior to acting - in this case, the sale is the event that triggered gains that then trigger taxes; so before the sale, you should have consulted CPA / tax planner to determine options to minimize tax impact.Of course, since you say you were flipping, a 1031 exchange never was an option.

I think you're being a bit harsh.