Kevin, my investment properties are held in a 3 tier structure: operating LLC - Holding LLC - Living Trust.Hope this helps.

She reported no financial assets.Her company has not filed for bankruptcy.Van Gundy has boasted she was part of one marketing group’s exclusive “two comma club” for earning more than $10 million.She’s currently out of work and collecting $600 a month in unemployment compensation, the court document shows.Luttrell, the attorney for creditors, asked Van Gundy during the meeting what happened to an offshore account that held $20 million worth of gold bullion as of Sept. 3.

If I had held I would have eventually made around a quarter million instead of losing 100k+.

The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof

This way the tenants will be held responsible for any damages. 

I would honestly check the Master Plan held with the city or county that should give you an idea of what the future use could be. also check to see if they got mineral rights as well there may be something in the area that you are unaware of.

In hindsight, I would have held on a little longer and kept holding long-term rentals.Flipping is great, but it's a job too. 

Jackson held that he did meet the material participation standard by meeting the “100 hours and more than anyone else” test.

The primary challenge was ensuring the property met all zoning requirements for residential use after being a commercial space.

What is MFM and was this workshop held here?