If the Miami-Dade property is anything other than a single-family dwelling, the tax rate is $.60 plus $.45 surtax per $100 of consideration (or portion thereof).Examples of documents that may transfer an interest in real property include:• Warranty deeds• Quit claim deeds• Contracts for timber, gas, oil, or mineral rights• Easements• Contracts or agreements for deed• Assignments of contract or agreement for deed• Assignments of leasehold interest• Assignments of beneficial interest in a trust• Deeds in lieu of foreclosureConsideration generally includes, but is not limited to:• Money paid or to be paid• Discharge of an obligation• Mortgage or other lien encumbering the property• Exchange of property• Any other consideration which has valueWhen the consideration for real property includes property other than money, the consideration is presumed to be equal to the fair market value of the real property.Tax is due on the total consideration for the transfer regardless of the consideration shown on the face of the deed or other document that transfers the property.

Has anyone successfully invested in Development Drilling Oil Wells?

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

In my conception of putting up a pole-barn roof over an house-trailer, the poles (pillars) would be oil-drill steels, of 26 feet long, which would be put in the ground, 10 feet down, so that winds can't pull such a roof up, by pulling the pillars out of the ground.

(Seems a given, but many well oiled machines are not so well oiled in the area of customer service, which, brings more business)& Lastly, as you work with both Owners and Tenants, see each as a valuable part of the equation. 

Roosevelt and Vernal have had quite a downturn over the last three years from the bottom dropping out of the oil market.

VT just passed that oil tank law so I'm currently paying $2,000 per tank per property to replace my older ones. 

Property receives a monthly royalty check for gas and oil rights.

We apply 3 coats of oil based poly.

You're in an oil industry city.