3) What happens if one of you drinks & drives, killing someone and getting sued by the victim's famly?

The eviction process can be long and frustrating so it is critical to follow the exact procedures of the process to have a better chance of a successful outcome.

I called the town to make sure it belongs to my property and called a couple of tree removal companies.

They tend to opt more for cold and refreshing drinks that are lighter and not as heavy in hot weather climates.The real estate departments for most chains do NOT want to speak or communicate with land owners that have potential sites.

Person left 8 rent checks on the kitchen counter with a note saying "going to live with a friend will return when safe" Person left all their belongings and I have had no contact with them since.

Hey @Robert Campbell, I'd recommend you keep your capital expenditures at 10% (or more), where you originally had them.While it's true that under condo ownership the common elements (roof, exterior walls, grounds, etc.) belong to all owners and are maintained by the association, ultimately you will pay for any repairs and upgrades, either via increases to your monthly dues or through a dreaded special assessment.That's one of the many reasons I'm not a fan of condos: One day the Board can decide that the swimming pool needs resurfacing or the roofs needs replacing, and then (surprise!)

2: Because we have transferred the property out of our names into the LLC and potentially back into our names all in less than a year, would that put us into the short term capital gains category or would it be long term because it was really us behind it all along?

If the former, the commission belongs to the broker/brokerage, and their policy dictates what he can or cant do with it. 

Ice, drinks, alcohol, snacks, propane, etc.Really sounds like a fun project. 

Have about 40k in savings/stock ready to invest.I'm based in AZ/CA, so my first deal would be long distance...