@Taylor WhylingsIf you can document original intent to hold as a long-term investment generally the gain would be capital in nature and not ordinary gain subject to SE taxes.Short-term capital gains = holding period of one year or less = subject to income tax at your marginal tax bracket.Long-term capital gains = holding period of more than one year = maxes out at 20%.If you're subject to the next investment income tax (NIIT) add another 3.8% on top.Plus state income taxes as well.

We have properties in the oil patch in Texas.  

I actually punch people (in a nice way) when I go to free seminars where workshops and courses are sold by snake oil salesmen.

Most folks on BP don’t operate in areas where appreciation gains significantly offset the near-term value of cash flow value, so the natural answer you will receive is to sell the property.

So, my house is set up with just an oil furnace, each winter we have struggled to keep the rooms on the other side of the house warm.

That is up to the investor's discretion.Having set up thousands of these and carrying out many conversations of this nature with investors and lenders I ensure you that it works.

My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural disaster, fire, bulldozer, whatever - and then the land is sold, is the depreciation recaptured?

You can make money through cash flow, forced appreciation, natural appreciation over time, mortgage pay down, tax savings, and probably some other ways I’m forgetting.

It's not really clear what you are actually asking, but your Corporation can refinance into a commercial loan for your corporation, and your LLC can refinance into a commercial loan for your company.You (a natural human person) and only you (a natural human person) can refinance into a Fannie Mae loan with money being lent (to a natural human person).

Most of the investments were trust deed investments where I was a small fish swimming in a larger school, but they returned 8 to 10 percent and, naive or not, felt relatively safe to me.I have made some foolish mistakes trying to build wealth over my career (*cough* oil and gas *cough*), but I am grateful for them all.