LLCs and corporations are governed by state law, so what makes one better in one state may not be true in another.

There have been constant struggles with the city, county, state, and federal government for tax relief and financing to make this project a reality.The Pyramid Cos. claim this resort would create approximately 120,000 new jobs and bring millions of tourists to the Syracuse area.

Hedge funds will benefit from government plans to remove toxic assets from the books of crippled financial institutions.

I guess it takes a lot of time to sit in Muni court waiting for our case to come up (and I experienced it once before for a property we were buying, lol but what do you expect from the government...).

I realize the fundamentals will always be the same, but with changes in government programs, taxes, financing options, etc., how old is too old?

Detroit's problems come from two sources: an incredibly incompetent/corrupt government, and a total failure to diversify their industrial base over 50 years of decline.

However, those deals have not been owned by an extension of the government.

Sean,In my area that would be referred to as a "rooming house" and there are specific bylaws at the municipal level governing them: they can only be in certain areas and require a zoning designation / permit to allow occupancy that exceeds another local bylaw limiting the number of "boarders" in a single dwelling to three.As far as rental laws, check with your state's Residential Tenancies Act (or equivalent).

Our socialist government has taught them that they are a VICTIM of the evil rich capitalists in this country (like landlords).

Clay, I haven't bought any government trailers, but they do spell out the process here: http://gsaauctions.gov/gsaauctions/gsaauctions/Scroll down to trailers to see what is currently available.You (or the owner) should be able to get a written offer for lease of the mineral rights.Depending upon how management intensive the rentals are, I'd try to get at least 2% a month in income of what I pay.