How will we know if the treatment worked?  

Buyers are waiving home inspections, termite inspections, surveys, and giving up reasonable asks like cleaning and pet treatment to be competitive.

There is no tax benefit to the LLC because for the purposes of taxes it is a pass through entity, which means tax treatment is the same as if you operated as a sole proprietor (just owned it directly).

In my area, that includes the following:Race, Color, Religion, Sex, Familial Status, National Origin, Disability, Military Status, Sexual Orientation, Age, Creed, Marital Status, Gender Identity, Source of Income, Immigration and Citizenship StatusBeing 19 y/o, the tenant is feels that this is unfair treatment based on age.

Just be careful on tax treatment and be aware that you will end up with two properties that essentially 100% financed.

You can install a water treatment system that will take care of it also.

Hi @Josh Freeman, No, the sale of the 40 +/- acres would need to be reinvested into other real estate (replacement property) to qualify for 1031 Exchange treatment. 

The business operation would not qualify for 1031 Exchange treatment. 

Yes, but you need to narrow it down a lot to have a coherent answer.You will have to look at (I'd recommend in this order) the city codes (if it's inside a city, many cities above 50-100k population aren't friendly to development of these), the county codes (most counties are friendly to these, but you will probably have significant issues in major counties like Bexar, Travis, Dallas, Denton, Tarrant, Harris, etc), then you will have to comply with the state-level (TCEQ and others) on the water supply and waste water treatment systems.To put it in perspective again, in say Dallas or Austin, you will likely have prohibitions or very significant hurdles on developing RV or tiny home properties even on unincorporated, "unrestricted," AG-zoned properties at both the city/municipal level and county level.

New tax rules are at the core of President Biden’s ambitious economic plan, “American Families Plan” that calls for $1.8 trillion in spending and tax-credits for provisions, The most prominent impact of the plan on real estate is the treatment of capital gains.