If you'd cover the costs we'd defer the profit until the lots sell. send me a PM if interested. utility availability will be a big question. in columbus, there is a submarket called delaware someone did this and split them up with plans for septic and well and they made a killing. they used to do house flipping. 

If the LLC was administratively closed by the Tx Comptroller's office for non-payment/non-filing then there is a de facto argument that the contract was signed by the members/managers (if proper) that the successors in interest intended to sell the property, so it is right and just to enforce the contract against the successors. 

But it's hard to judge on an online forum.I would just note that in Pennsylvania, all appeals are reviewed de novo.

If you do know the difference, do you know when the De Minimus rules come into play?  

Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.

I am a high school teacher in Delaware looking to learn about real estate investing.

Additionally, Shoreline is good for families (our cul de sac has about 20 kids of all ages living there) and the school system is good as well. 

In addition, I am a licensed REALTOR in PA, MD & DE, an author and home inspector apprentice.

I owned a large number of duplexes on a culs de sac in a town near Everett for over 20 years.  

I also heard Delaware is the best state to do this?