Not having a set price really complicates the value of the option, the credit to be allowed and the LTV targeted.Star burst on me!

The only complicated transaction will occur if I ever have to foreclose on a lien.

On the issue of Series LLC vs. not, I have discussed this issue w/ many of colleagues we have typically recommend not doing the series as it seems to make things more complicated.  

I feel like reasonable people ought to be able to arrive at reasonable compromises without the judicial system.

They're usually brought in after the fact when there is a dispute or in large complicated purchases.

Processing is still very slow but there are still 1.3 million foreclosures in the pipeline, about 150% as many as hit the market last year.We know that those properties are concentrated in judicial states.

That means you must file a partnership tax return which is not complicated or too expensive to do.

My partner joined me on several of those trips, though we likely could have accomplished the same amount of work if just he or I had been there alone.Of course, this was a big and complicated project, so that factored into the excessive traveling, but in general, the first time you do a long-distance project, you're going to spend a lot of time finding contractors and keeping tabs on them.

Calculating basis, depr, & taxable gain is much more complicated.

To complicate matters the winters in ND are rough and construction slows considerably.If somebody could solve the construction/housing situation, I think there is good money to be made.