Plus, by laying everything out up front, I would think you would eliminate some tire kickers and/or folks who just weren't bright enough to extrapolate certain details by virtue of it being a condo. 

Should it ever be removed from the ag exemption, the appraisal district will "rollback" the ag exemption and you will be taxed on the exempted value for the last five years, plus interest (even if you did not own the property for the entire five years).As long as you have the ag exemption in place, you will eliminate any rollback tax for the number of years you've owned the property in excess of five years.As soon as you close, go talk to the appraisal district's land guy about what he needs to see in order to keep it in ag.

I asked my attorney a while back if there were any advantages to a person setting up an LLC in Delaware if they were going to buy property in another state.He said Delaware had eliminated or scaled back a lot of the benefits that originally made it an attractive state for LLCs.When you couple that with the expense of registering the LLC in the state you'll be buying property in, he said you are most often better off simply creating the LLC in that state.As mentioned, you should consult with an attorney to discuss your particular situation.

I am a one man band and eliminated all agents years ago due to headaches.

You can do so by using self-directed IRA (or Checkbook IRA if you wish to bypass the custodian and avoid transaction fees associated with one).If you have any self-employment activity then a better option might be truly self-directed Solo 401k plan, with it you can completely eliminate the custodian, gain better protection from creditors, access your retirement funds tax-free via participant loan feature and more.Income from any investments you make with your retirement account must be going back into the IRA or 401k, you personally can not use it.

Eliminate franchises that are not lawyers, immediately. 

Assuming the properties are in his name, won't the properties get a basis step up at his death (which at 94 can't  be to far away) effectively eliminating any gain.

In conclusion:As real estate investors we must not categorically eliminate the stock market as a viable investment vehicle (does BP offer a 401k or does @Joshua Dorkin only allow employees to invest in Denver real estate?).  

Hi Deborah,In California, a tax sale does not eliminate an IRS lien.  

We must work on eliminating the cat urine oder in that one bathroom.