Randy Advantages of Using a Revocable Land Trust 1.Avoids property being probated (out of court transfer upon death of beneficiary) 2.Ease of Transferability 3.Judgments do not attach to the property 4.No Partition (avoids spouse’s “forced share†sale buyout upon divorce) 5.Easier management with multiple owners (multiple owners do not have to sign docs) 6.No costs upon transferring beneficiary 7.No registered agent needed 8.Legal and Equitable property interest in trustee’s name 9.Income and Expense conduit, not a business with tax consequences 10.No tax return to file (pass thru entity) 11.Trustee has no personal liability 12.No annual fees like other entities, if trustee is an individual or friend 13.Estate planning – successor beneficiaries 14.Less expense in grantor creating trust over entity 15.Avoids the due on sale clause 16.Privacy of ownership – Helps Avoid Identity Theft of your name 17.Keep sales price private 18.Able to fracture interests of multiple owners w/o being partners 19.Ease of linkage to other asset protection entities 20.Non-judicial repossessions of real estate sold on installment contract 21.1099 not required for transfers (personal property not subject to real estate regulations) 22.Ease of operating across state lines 23.Ability to insert poison pills 24.Lots of case law to support land trust law 25.Many attorneys do not study this section of the law – not profitable for them 26.No recordation of the Trust Agreement 27.To avoid “seasoning†problems (secondary market rules of ownership) 28.To save title insurance premiums (Trustee-insured-remains the same) 29.Good negotiating technique in the sale or purchase of property (Disney World used trusts to acquire land prior to construction to avoid price escalation) 30.To provide non-recourse financing 31.Lowering of real estate taxes (prevents re-assessment) 32.Avoids state regulations that apply to corporations and LLC’s As you can see, Land Trusts are a wonderful tool for you to hide your assets, avoid real estate tax increases, privatize your sales transactions, avoid probate and use for many other benefits.

Flex conduit with wiring to hot water heater not connected properly11.

You might consider installing empty conduit, with pull boxes as needed, from the place where the wires come up to the building to the individual unit(s). 

The receptacle material will not indicate whether it is grounded or not.   1940s wiring typically used metal conduit and receptacles and no grounding circuit.

To properly split up electrical and gas you are probably going to need to do a gut rehab, as most of our walls are plaster without conduit.  

I'm sure you'll work out how you deal with the contractor part so I won't comment there.Drainage issues: #1, Identify the source of the problem:Gutter/solid surface water pooling near the houseGeneral grading issues allowing surface water to run towards the houseHigh groundwater tableUnderground water conduit towards the house (solid rock, old abandoned pipes, etc)#2, Identify the solution:Gutter/solid surface pooling - simple - move the water away from the house.General grading issues: sometimes simple, sometimes expensive.

Welcome aboard.BP is a great conduit for RE investment advice and insights.Although not based in TX, my company is both a private buyer and private lender on lower ARV $ properties throughout the U.S. 

Alliance Bancorp - American Broker Conduit - Reliance Wholesale Lending - Royal Crown BankcorpThese lenders have no seller seasoning and Ive closed loans with all of themJohn

Save your other liquid funds for reserves.There are an abundance of properties with conduit loans coming due now, with owners looking to get out from under them.

Block are hard to drill conduits and tubes, hence the recommendation for stud and drywall, if you want it.