Also God forbid a kid falls into one.

As a landlord you could get sued for dog bites and slip and falls, which are fairly common.

Fed has mismanaged money for too ling, dollar index is falling, and they are printing all kinds of money to buy back their own losing bonds.

The bottom line, the lender who I was working on the refi is falling through and/or not doing what was told and keeps stalling on the dates. 

@Adam Culper Adam forgive me for saying this but if you are asking these questions you may want to fall back to seriously consider if you are ready to execute a ground up development of any size

Pls note, I do not want to do a 1030 exchange because I do not want to fall under the pressure of buying a bad deal in 6 months or less just to meet the 1030 exchange requirement. 

If the home can fall under capital gains, the partnership would make sense, as we'd distribute the profits and pay the 20% capital gains as the tax. 

I guess this is in the event we fall back on payments and lose the house..

I continue to get clobbered on the rates for our SFHs in Wichita Falls. 

I've had current escrows ask for price reductions and deals falling out of escrow due to the uncertainty ahead.