I would have treated you like royalty.

It may not be included in the initial phase but simply additional land.Have fun searching the oil royalties down there for title!

The 2 year history applies to almost all types of income (bonuses, commissions, royalties, dividends etc.).If you are looking to purchase a property and already own some properties most lenders will require you have 6 months reserves for each property that you own. 

People want to give their kids the mineral interest they own but want to keep getting the royalty payments until they die.

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.