Quote from @Scott Miner: How is it that you would not have to pay capital gains taxes on the $500K? 

But he mentioned that theres no mineral rights and multiple easements.

Over the course of years, the mineral built up on the floor of the water heater, it just started breaking loose in little pieces.

If I see rentals similar to mine renting for $1000, I don't necessarily consider that "market rent" because it doesn't take into consideration what kind of tenant is being attracted at that price and it doesn't take into consideration how long those tenants will stay.

Real estate is land with permanent improvements, whether natural or man-made, including water, trees, minerals, buildings, houses, fences, and bridges.

Hello Texas BP community,I'm looking to sell some land and mineral rights that I own in Reeves County, Texas. 

1) Water rights2) Mineral rights3) Occupancy and use rights4) Right to encumber & lease5) Residual rights not contained in items 1-4.Sell each right for $400,000 over a period of time. 

How to examine Land quality, soil/ mineral use, if land is in sink hole, liquefaction zone risk.- Could remote LAND realtor be trusted, as we do all above for already built house.d.

How to examine Land quality, soil/ mineral use, if land is in sink hole, liquefaction zone risk.- Could remote LAND realtor be trusted, as much as we do all above for already built house.d.

Seller was clear that they wanted to retain mineral rights.