From the instructions:"If you have more than three rental real estate or royalty properties, complete and attach as many Schedules E as you need to list them.

Interesting that in this US News and World Report article about sources of retirement income, Rents and Royalties are listed last.http://finance.yahoo.com/focus-retirement/article/109508/the-10-biggest-sources-of-retirement-income?

If you do not have a mentor or the self motivating gene, I would recommend going to one of these brokerages first to get your feet wet.The smaller/discount brokerages are amazing for saving on amount of money that you pay in royalties, desk fees and commission splits.

I've found over the years that gas or oil in OK and TX are often capped sometimes for years depending on demand and costs or production is limited and royalties aren't what is usually expected, you're not in control but hey, some can be nice.

would have ZERO legal income from within USA, but who knows, they could be filthy rich royalty back home!

Passive income such as rent from real property, interest, dividends, royalties or the sale of an asset that has been held over time to produce passive income is not subject to UBIT. 

They just get a royalty for use of their names.They all have the different tiers for purchase. 

The word commission simply describes benefiting or earning money, cash, payment or royalties from the completion of a sale.

The Texas LLC receives royalties from Texas oil wells.

I manage those 8-plexes around the corner from State on Royalty Court off of Waller.