However technically you may escape that interpretation when you only hold property - so going for Delaware might work - but consult an attorney in each state to see their take on it as interpretations vary.You will need a C Corp. structured above the LLCs - which can be paid management and other fees - and for tax purposes Delaware is fine. 

but what am I looking for, or how to read and interpret the information?

My RE agent and myself both interpreted that as "the owner will get a 1/200th share of the lake, commonly owned by all houses in the development".

Attorney’s, courts, are still interpreting statues by case law, you can look at some of these on the internet.

Also, I have pulled out some of the tax records and it shows that some of properties have a fiduciary information (which is a law farm), and I don’t know the interpretation f that either.Any comments and/or pointers would be highly appreciated.Thanks

Increase Your Financial IQStart Your Own Corporation - Garrett SuttonWarren Buffett and the Interpretation of Financial Statements - Mary Buffett (highly insightful on money, and emphasis on research and analysis)Never Split the Difference - Chris VossBest,SC

Even if I interpret the interpreter question in a pro-landlord way, and require the applicant to provide an interpreter, I'm still not allowed to not rent to them because the reasonable expectation that communication with them will be an unreasonable burden since they are likely to not have that interpreter during our future communications (lease violations, late rent notices, etc).Giving the uncertainty in the law, it certainly seems like _it could_ be interpreted as discrimination to not be willing to conduct business with someone with virtually no English skills.

Of course I'm biased, but I would disagree that you need an attorney for these issues.1031s (at least a simple forward exchange which would be the case here), installment sales, etc. are very mechanical.There is no controversy and no question regarding the interpretation of tax law that would require legal advice here.

According to the rules of statutory interpretation, legislators use words for a reason.

In keeping with the topic of home affordability and millennial migration in the unaffordable Bay Area, this article speaks directly to the notion of why you need to "know your neighborhood," rather than basing your info off calculations (think back to stats analysis and data interpretation folks) and cross state speculators.