I am building houses on these lots and wish to sell to people who have capital gains so that they can benefit from the tax breaks.  

Also realize that when you refi, you can lose your grandfathering on taxes - where the property taxes may be looked at again with a higher value of your property at the date you refi - it just depends on how the county handles those things.Then there is property management.  

This is a tax shell game question about gold and real estate in the states passing "legal tender" legislation like Louisiana (article linked). 

I receive a K-1 for all 3 for my federal taxes.

Any recommendations or tips on what has worked for you would be greatly appreciated.

Property rights, taxes (Spainish and US), etc.

Thanks for the tips Alecia.

When you have mortgage, insurance, tax, vacancy, maybe utilities, and maintenance you could reach a 20% CoC return.

I mean, no one told me to go find the owner of the cat skeleton I found at the first place I ever bought at a tax auction.

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience.