Once you select a strategy that jumps out to you start learning as much as you can about it through websites like this, YouTube, podcast, your local library, and local meetups.

Being overwhelmed is a natural response to something as vast as RE.

Don I suspect a vast majority of BP memebers have no cluse what EST is or was  LOL  

My question is, can I still just report this property on Schedule E, since the vast majority of rental days were under her short-term lease agreement? 

But every worthwhile endeavor does.If you have vast first-hand experience where you've attempted this and failed multiple times, please share. 

I think from my perspective on the west coast all land has mineral rights @Chris Martin  or in the northwest timber rights as timber is affixed to the property.. the only way it would not is if the land owner has sold their standing timber on a timber deed.. its different than mineral rights..out our way the federal govmit owns vast swaths of mineral rights.. you only find out when you pull title. and they are an exception.. now I suppose in your oil rich area you can talk to brokers who specialize in gas and oil leases etc etc.one of my clients that's what they do .. they have leases / mineral extraction rights in most of the oil producing states in your area..

By way of example, a lender who excludes settlement costs and requires the borrower to fund the interest reserve is vastly different than a lender who includes the settlement costs and an interest reserve that’s capitalized in the loan.

.- Virgin land: Dubai has still many plots and land to build, with governmental vision to double the population by 2030, with major mega projects on the pipeline.These are some few points to highlight the Dubai market, there's much more to the topic and vast investment opportunities.0 Votes

Buying sub to keeps the debt in the sellers name a vastly desirable scenario. 

On top of it, you have a life insurance that will provide for your family if you die early.However it is a complex product and you will need to spend enough time to understand its intricacies and use a knowledgeable life insurance agent who is specialized in it as the vast majority of them don't know enough how to use it or are unwilling to sell it because, if properly set up, it gives them a lower commission.