My goal is not to build an empire.   

I don't say that the "investors" don't put in hard work, but the model that they choose is to build a much larger empire (which comes with different kind of headaches). 

Joe,I am building my empire and not selling.

This means that while the Land Trust exists for legal purposes, it is ignored or disregarded for income tax purposes.So, to answer your direct question, you can sell property held in Land Trust A with your LLC as the Beneficiary of the Land Trust, and acquire your replacement property either in the same Land Trust A, another Land Trust B as long as your LLC is also the Beneficiary of Land Trust B or in your LLC's name.

I will just wait it out, and build my empire when I get back!

Sounds like you're in the middle of building yourself an empire Carolyn L. - exciting stuff.

Hi Derek,If your immediate goal to supercharge your real estate empire, having liquidity is critical to accomplish your short term or long term goal.I have a suggestion that you can look into and see if that works for you.

I'm thinking somewhere in Culver City so it is most central to every direction, unless no one would be coming from the west side then we could move it more inland.

I wish you both the best of luck in landing that first deal.

You are building an empire.